Legal Advantage Investments Inc. Has $323,000 Stock Holdings in Rio Tinto Group (NYSE:RIO)

Legal Advantage Investments Inc. lowered its holdings in shares of Rio Tinto Group (NYSE:RIO) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,500 shares of the mining company’s stock after selling 200 shares during the period. Legal Advantage Investments Inc.’s holdings in Rio Tinto Group were worth $323,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Crossmark Global Holdings Inc. raised its holdings in shares of Rio Tinto Group by 1.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 90,671 shares of the mining company’s stock worth $5,332,000 after buying an additional 1,205 shares in the last quarter. Royal Fund Management LLC grew its position in Rio Tinto Group by 51.3% during the 4th quarter. Royal Fund Management LLC now owns 35,203 shares of the mining company’s stock worth $2,071,000 after acquiring an additional 11,931 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in Rio Tinto Group by 7.7% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 13,799 shares of the mining company’s stock worth $812,000 after acquiring an additional 984 shares during the last quarter. Ballentine Partners LLC grew its position in Rio Tinto Group by 66.8% during the 4th quarter. Ballentine Partners LLC now owns 5,514 shares of the mining company’s stock worth $324,000 after acquiring an additional 2,209 shares during the last quarter. Finally, Wealth Management Partners LLC bought a new stake in Rio Tinto Group during the 4th quarter worth $989,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 2.0 %

Shares of Rio Tinto Group stock opened at $61.00 on Tuesday. Rio Tinto Group has a 52 week low of $57.85 and a 52 week high of $74.24. The business has a 50 day moving average price of $60.98 and a 200-day moving average price of $63.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RIO. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Jefferies Financial Group dropped their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.