Park National Corp OH reduced its holdings in shares of Rio Tinto Group (NYSE:RIO – Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,229 shares of the mining company’s stock after selling 596 shares during the quarter. Park National Corp OH’s holdings in Rio Tinto Group were worth $270,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in shares of Rio Tinto Group by 785.7% in the fourth quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock valued at $28,000 after buying an additional 330 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Rio Tinto Group by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock valued at $41,000 after buying an additional 156 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Rio Tinto Group by 250.6% in the fourth quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock valued at $46,000 after buying an additional 441 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Rio Tinto Group in the fourth quarter valued at $47,000. Finally, Bogart Wealth LLC lifted its holdings in Rio Tinto Group by 279.3% during the 4th quarter. Bogart Wealth LLC now owns 679 shares of the mining company’s stock valued at $51,000 after purchasing an additional 500 shares during the last quarter. 19.33% of the stock is owned by institutional investors.
Rio Tinto Group Trading Up 0.5 %
Shares of RIO traded up $0.32 during midday trading on Tuesday, reaching $66.31. 1,403,087 shares of the stock were exchanged, compared to its average volume of 2,791,151. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a twelve month low of $58.27 and a twelve month high of $75.09. The stock’s 50 day simple moving average is $68.84 and its 200 day simple moving average is $68.32.
Analyst Upgrades and Downgrades
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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.
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