Capital Advisors Inc. OK Boosts Holdings in Rio Tinto Group (NYSE:RIO)

Capital Advisors Inc. OK increased its stake in shares of Rio Tinto Group (NYSE:RIO) by 26.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 410,037 shares of the mining company’s stock after buying an additional 85,034 shares during the quarter. Capital Advisors Inc. OK’s holdings in Rio Tinto Group were worth $24,114,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new position in shares of Rio Tinto Group in the third quarter worth about $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Rio Tinto Group by 63.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after purchasing an additional 195 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Rio Tinto Group by 70.9% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after purchasing an additional 173 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group in the third quarter worth about $38,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Down 1.0 %

Shares of RIO opened at $61.65 on Wednesday. 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 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 $60.70 and a 200-day moving average price of $62.98.

Analysts Set New Price Targets

A number of research firms have recently commented on RIO. Jefferies Financial Group cut their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 25th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

About Rio Tinto Group

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.