Murphy Pohlad Asset Management LLC Sells 400 Shares of Rio Tinto Group (NYSE:RIO)

Murphy Pohlad Asset Management LLC cut its position in shares of Rio Tinto Group (NYSE:RIO) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 17,285 shares of the mining company’s stock after selling 400 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Rio Tinto Group were worth $1,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in shares of Rio Tinto Group in the 3rd quarter worth about $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Rio Tinto Group by 63.9% during the fourth 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 last quarter. Sound Income Strategies LLC boosted its holdings in 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 acquiring an additional 173 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Rio Tinto Group during the third quarter valued at $38,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Down 0.4 %

RIO opened at $59.64 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is $60.96 and its two-hundred day simple moving average is $63.21. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24.

Analyst Ratings Changes

RIO has been the subject of a number of analyst reports. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group decreased their price target on 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 downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.