Rio Tinto Group (NYSE:RIO) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of Rio Tinto Group (NYSE:RIO) by 11.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,739 shares of the mining company’s stock after selling 2,331 shares during the period. Atria Investments Inc’s holdings in Rio Tinto Group were worth $1,334,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bank of Montreal Can lifted its stake in shares of Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock worth $164,493,000 after buying an additional 1,738,752 shares in the last quarter. Natixis Advisors LLC raised its holdings in Rio Tinto Group by 8.7% in the 2nd quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company’s stock valued at $45,870,000 after acquiring an additional 55,967 shares during the last quarter. Philip James Wealth Mangement LLC purchased a new position in Rio Tinto Group in the 3rd quarter worth approximately $1,345,000. First City Capital Management Inc. boosted its holdings in shares of Rio Tinto Group by 118.5% during the 2nd quarter. First City Capital Management Inc. now owns 15,178 shares of the mining company’s stock worth $1,001,000 after purchasing an additional 8,230 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Rio Tinto Group by 38.1% in the second quarter. QRG Capital Management Inc. now owns 95,497 shares of the mining company’s stock valued at $6,296,000 after purchasing an additional 26,329 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Rio Tinto Group Stock Up 0.9 %

Shares of RIO opened at $60.98 on Friday. The company’s 50-day moving average price is $65.44 and its 200 day moving average price is $66.05. Rio Tinto Group has a 12-month low of $59.35 and a 12-month high of $75.09. 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 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.