Callan Capital LLC Has $276,000 Position in Rio Tinto Group (NYSE:RIO)

Callan Capital LLC lowered its position in Rio Tinto Group (NYSE:RIO) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,693 shares of the mining company’s stock after selling 408 shares during the quarter. Callan Capital LLC’s holdings in Rio Tinto Group were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oxbow Advisors LLC acquired a new position in shares of Rio Tinto Group in the fourth quarter valued at approximately $3,553,000. Bell Bank increased its stake in shares of Rio Tinto Group by 18.5% in the fourth quarter. Bell Bank now owns 142,231 shares of the mining company’s stock valued at $8,365,000 after buying an additional 22,168 shares during the period. Passumpsic Savings Bank increased its stake in shares of Rio Tinto Group by 10.3% in the fourth quarter. Passumpsic Savings Bank now owns 9,754 shares of the mining company’s stock valued at $574,000 after buying an additional 913 shares during the period. Private Advisor Group LLC increased its stake in shares of Rio Tinto Group by 35.1% in the fourth quarter. Private Advisor Group LLC now owns 36,921 shares of the mining company’s stock valued at $2,171,000 after buying an additional 9,591 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in Rio Tinto Group by 5.5% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 286,375 shares of the mining company’s stock valued at $16,842,000 after acquiring an additional 15,031 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group reduced their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Four 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Stock Performance

Shares of RIO stock opened at $63.43 on Friday. The stock has a market capitalization of $79.47 billion, a PE ratio of 9.83, a PEG ratio of 0.42 and a beta of 0.65. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The business’s 50 day simple moving average is $60.61 and its 200 day simple moving average is $62.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 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.