Rio Tinto Group (NYSE:RIO) Position Decreased by Castellan Group

Castellan Group decreased its holdings in Rio Tinto Group (NYSE:RIO) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,288 shares of the mining company’s stock after selling 815 shares during the quarter. Castellan Group’s holdings in Rio Tinto Group were worth $1,134,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RIO. Concurrent Investment Advisors LLC raised its position in shares of Rio Tinto Group by 4.3% during the third quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company’s stock worth $303,000 after purchasing an additional 175 shares during the period. Stonegate Investment Group LLC raised its holdings in Rio Tinto Group by 3.4% during the 3rd quarter. Stonegate Investment Group LLC now owns 5,467 shares of the mining company’s stock worth $389,000 after buying an additional 179 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Rio Tinto Group by 63.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after buying an additional 195 shares during the period. Cohen Investment Advisors LLC lifted its stake in Rio Tinto Group by 3.8% during the fourth quarter. Cohen Investment Advisors LLC now owns 5,352 shares of the mining company’s stock valued at $315,000 after buying an additional 198 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Rio Tinto Group by 2.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 10,191 shares of the mining company’s stock worth $599,000 after buying an additional 200 shares during the period. Institutional investors own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RIO shares. Jefferies Financial Group cut their price target on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 25th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Stock Performance

RIO opened at $62.02 on Thursday. 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 has a 1 year low of $57.85 and a 1 year high of $74.24. The stock has a fifty day moving average price of $60.66 and a 200 day moving average price of $62.96.

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.