Fort Washington Investment Advisors Inc. OH Sells 717 Shares of Rio Tinto Group (NYSE:RIO)

Fort Washington Investment Advisors Inc. OH cut its holdings in Rio Tinto Group (NYSE:RIO) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,715 shares of the mining company’s stock after selling 717 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Rio Tinto Group were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC acquired a new stake in Rio Tinto Group in the third quarter worth $26,000. FSC Wealth Advisors LLC acquired a new stake in Rio Tinto Group in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Rio Tinto Group by 63.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after purchasing an additional 195 shares during the period. Sound Income Strategies LLC raised 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 purchasing an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in Rio Tinto Group in the third quarter worth $38,000. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Trading Up 0.7 %

RIO opened at $61.56 on Friday. The firm’s fifty day simple moving average is $60.97 and its 200 day simple moving average is $63.42. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The stock has a market capitalization of $77.13 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.41 and a beta of 0.66.

Analyst Ratings Changes

Several equities research analysts have weighed in on RIO shares. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Jefferies Financial Group cut their price objective 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. Finally, Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Rio Tinto Group presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Company 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.