Huntington National Bank Increases Stake in Rio Tinto Group (NYSE:RIO)

Huntington National Bank raised its holdings in Rio Tinto Group (NYSE:RIO) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,345 shares of the mining company’s stock after buying an additional 239 shares during the period. Huntington National Bank’s holdings in Rio Tinto Group were worth $167,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RIO. GHP Investment Advisors Inc. purchased a new position in Rio Tinto Group in the second quarter valued at $26,000. Winch Advisory Services LLC acquired a new stake in Rio Tinto Group in the 3rd quarter valued at about $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter valued at about $28,000. Sound Income Strategies LLC grew its position in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after buying an additional 173 shares in the last quarter. Finally, Centerpoint Advisors LLC increased its stake in shares of Rio Tinto Group by 110.0% during the second quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rio Tinto Group Stock Up 0.9 %

NYSE RIO opened at $60.98 on Monday. Rio Tinto Group has a 12 month low of $59.35 and a 12 month high of $75.09. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $65.44 and its 200 day moving average price is $66.03.

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.