Rio Tinto Group (NYSE:RIO) Shares Sold by FCG Investment Co

FCG Investment Co lessened its position in shares of Rio Tinto Group (NYSE:RIO) by 10.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,702 shares of the mining company’s stock after selling 2,193 shares during the quarter. FCG Investment Co’s holdings in Rio Tinto Group were worth $1,256,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in shares of Rio Tinto Group by 785.7% during the fourth quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock worth $28,000 after acquiring an additional 330 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Rio Tinto Group during the 1st quarter worth $26,000. Parkside Financial Bank & Trust boosted its stake in Rio Tinto Group by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock worth $41,000 after purchasing an additional 156 shares during the period. Financial Management Professionals Inc. grew its position in Rio Tinto Group by 250.6% during the 4th quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock worth $46,000 after purchasing an additional 441 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in Rio Tinto Group in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock traded up $1.89 on Thursday, reaching $67.90. 2,029,388 shares of the stock were exchanged, compared to its average volume of 1,683,984. Rio Tinto Group has a 1-year low of $58.27 and a 1-year high of $75.09. The business has a fifty day moving average price of $68.78 and a two-hundred day moving average price of $68.02. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

Several brokerages have recently weighed in on RIO. Citigroup downgraded shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Berenberg Bank cut Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Rio Tinto Group

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.