Capital Investment Advisors LLC Sells 22,956 Shares of Rio Tinto Group (NYSE:RIO)

Capital Investment Advisors LLC lowered its holdings in Rio Tinto Group (NYSE:RIO) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,002 shares of the mining company’s stock after selling 22,956 shares during the quarter. Capital Investment Advisors LLC’s holdings in Rio Tinto Group were worth $5,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RIO. Bank of Montreal Can increased its stake in 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 valued at $164,493,000 after acquiring an additional 1,738,752 shares during the period. Fisher Asset Management LLC boosted its position in Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after buying an additional 485,731 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Rio Tinto Group in the third quarter valued at about $33,590,000. SPX Gestao de Recursos Ltda boosted its position in Rio Tinto Group by 1,773.2% in the third quarter. SPX Gestao de Recursos Ltda now owns 426,922 shares of the mining company’s stock valued at $30,384,000 after buying an additional 404,131 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Rio Tinto Group by 78.3% in the second quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock valued at $56,565,000 after buying an additional 376,778 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RIO. StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group reduced their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Four research 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. Based on data from MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Trading Up 1.2 %

Shares of NYSE RIO opened at $59.56 on Tuesday. The company’s 50 day simple moving average is $61.40 and its 200 day simple moving average is $63.70. 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 market capitalization of $74.62 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.38 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

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.