Burford Brothers Inc. Decreases Holdings in Rio Tinto Group (NYSE:RIO)

Burford Brothers Inc. decreased its stake in Rio Tinto Group (NYSE:RIO) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,821 shares of the mining company’s stock after selling 651 shares during the period. Burford Brothers Inc.’s holdings in Rio Tinto Group were worth $872,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust raised its holdings in shares of Rio Tinto Group by 3.9% in the 4th quarter. Greenleaf Trust now owns 17,741 shares of the mining company’s stock worth $1,043,000 after purchasing an additional 662 shares during the period. Eagle Bluffs Wealth Management LLC raised its stake in shares of Rio Tinto Group by 6.0% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 16,049 shares of the mining company’s stock valued at $944,000 after buying an additional 902 shares during the period. Caprock Group LLC raised its stake in shares of Rio Tinto Group by 15.5% in the fourth quarter. Caprock Group LLC now owns 26,898 shares of the mining company’s stock valued at $1,582,000 after buying an additional 3,616 shares during the period. Hamilton Point Investment Advisors LLC lifted its position in shares of Rio Tinto Group by 1.4% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 44,191 shares of the mining company’s stock valued at $2,599,000 after buying an additional 598 shares during the last quarter. Finally, Abel Hall LLC grew its stake in shares of Rio Tinto Group by 4.8% during the 4th quarter. Abel Hall LLC now owns 6,178 shares of the mining company’s stock worth $363,000 after acquiring an additional 285 shares during the period. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Down 0.8 %

Shares of RIO opened at $60.39 on Monday. The business’s 50-day moving average price is $60.83 and its 200-day moving average price is $63.10. 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 twelve month low of $57.85 and a twelve month high of $74.24.

Wall Street Analyst Weigh In

RIO has been the topic of a number of research reports. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 25th. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group reduced their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.