Rio Tinto Group (NYSE:RIO) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its stake in shares of Rio Tinto Group (NYSE:RIO) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,868 shares of the mining company’s stock after selling 1,610 shares during the quarter. Montag A & Associates Inc.’s holdings in Rio Tinto Group were worth $3,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RIO. Winch Advisory Services LLC purchased a new position in shares of Rio Tinto Group during the 3rd quarter worth $26,000. FSC Wealth Advisors LLC purchased a new position in Rio Tinto Group during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after buying an additional 195 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Rio Tinto Group in the 3rd quarter valued at approximately $38,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Rio Tinto Group during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 0.1 %

Rio Tinto Group stock opened at $63.38 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24. The firm has a 50 day moving average price of $60.65 and a 200 day moving average price of $62.94.

Analyst Ratings Changes

RIO has been the subject of several analyst reports. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Jefferies Financial Group lowered their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Company 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.