Rio Tinto Group (NYSE:RIO) Stock Position Raised by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its position in shares of Rio Tinto Group (NYSE:RIO) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,710 shares of the mining company’s stock after purchasing an additional 15,422 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Rio Tinto Group were worth $7,099,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Savant Capital LLC increased its holdings in shares of Rio Tinto Group by 37.2% in the 4th quarter. Savant Capital LLC now owns 8,689 shares of the mining company’s stock valued at $511,000 after purchasing an additional 2,354 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Rio Tinto Group in the 4th quarter worth approximately $59,000. Kestra Private Wealth Services LLC boosted its stake in shares of Rio Tinto Group by 20.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 20,466 shares of the mining company’s stock valued at $1,204,000 after buying an additional 3,441 shares during the period. Stephens Inc. AR grew its holdings in shares of Rio Tinto Group by 3.7% during the 4th quarter. Stephens Inc. AR now owns 55,673 shares of the mining company’s stock valued at $3,274,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Rio Tinto Group by 39.9% in the fourth quarter. Empowered Funds LLC now owns 4,992 shares of the mining company’s stock worth $294,000 after acquiring an additional 1,425 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

RIO has been the topic of several research reports. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Jefferies Financial Group reduced their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 25th. Four research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group Stock Down 0.4 %

NYSE RIO opened at $61.96 on Monday. The company’s fifty day moving average is $60.72 and its two-hundred day moving average is $63.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a 52-week low of $57.85 and a 52-week high of $74.24.

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.