Rio Tinto Group (NYSE:RIO) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lowered its stake in shares of Rio Tinto Group (NYSE:RIO) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,778 shares of the mining company’s stock after selling 1,002 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Rio Tinto Group were worth $623,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. FMR LLC raised its stake in Rio Tinto Group by 12.6% during the third quarter. FMR LLC now owns 381,989 shares of the mining company’s stock worth $24,310,000 after purchasing an additional 42,684 shares during the period. Rehmann Capital Advisory Group purchased a new position in shares of Rio Tinto Group in the 3rd quarter worth about $220,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Rio Tinto Group during the 3rd quarter worth about $1,865,000. Glenmede Trust Co. NA raised its holdings in Rio Tinto Group by 69.3% in the third quarter. Glenmede Trust Co. NA now owns 9,350 shares of the mining company’s stock valued at $595,000 after buying an additional 3,828 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter valued at $704,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on RIO shares. Citigroup downgraded Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Berenberg Bank downgraded Rio Tinto Group from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rio Tinto Group Stock Up 2.9 %

Shares of NYSE RIO opened at $67.90 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 1 year low of $58.27 and a 1 year high of $75.09. The stock’s 50-day simple moving average is $68.78 and its 200-day simple moving average is $68.02.

Rio Tinto Group Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.