DRW Securities LLC Decreases Stake in Rio Tinto Group (NYSE:RIO)

DRW Securities LLC lessened its stake in shares of Rio Tinto Group (NYSE:RIO) by 29.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,783 shares of the mining company’s stock after selling 4,471 shares during the quarter. DRW Securities LLC’s holdings in Rio Tinto Group were worth $767,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RIO. Mount Yale Investment Advisors LLC purchased a new stake in shares of Rio Tinto Group during the 1st quarter worth approximately $479,000. Waverly Advisors LLC acquired a new position in shares of Rio Tinto Group in the 1st quarter valued at $1,646,000. Bayesian Capital Management LP acquired a new position in shares of Rio Tinto Group in the 1st quarter valued at $613,000. Dynasty Wealth Management LLC acquired a new position in shares of Rio Tinto Group in the 1st quarter valued at $552,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Rio Tinto Group by 9.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,257 shares of the mining company’s stock valued at $1,798,000 after acquiring an additional 2,337 shares during the period. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 1.0 %

NYSE:RIO opened at $62.97 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $59.35 and a fifty-two week high of $75.09. The firm’s fifty day simple moving average is $65.57 and its 200-day simple moving average is $65.74.

Analyst Ratings Changes

Several equities analysts have issued reports on RIO shares. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a research note on Wednesday, July 31st. Finally, StockNews.com cut shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.