World Investment Advisors LLC Has $342,000 Position in Rio Tinto Group (NYSE:RIO)

World Investment Advisors LLC raised its stake in shares of Rio Tinto Group (NYSE:RIO) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,802 shares of the mining company’s stock after acquiring an additional 266 shares during the quarter. World Investment Advisors LLC’s holdings in Rio Tinto Group were worth $342,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RIO. GHP Investment Advisors Inc. bought a new position in Rio Tinto Group during the 2nd quarter valued at about $26,000. Winch Advisory Services LLC acquired a new stake in shares of Rio Tinto Group during the third quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new position in shares of Rio Tinto Group in the third quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its holdings in shares of Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Centerpoint Advisors LLC grew its position in Rio Tinto Group by 110.0% during the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. 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. According to MarketBeat, Rio Tinto Group has a consensus rating of “Moderate Buy”.

Rio Tinto Group Stock Down 3.4 %

Shares of RIO opened at $59.34 on Thursday. Rio Tinto Group has a 52 week low of $59.19 and a 52 week high of $75.09. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average price is $63.89 and its two-hundred day moving average price is $64.77.

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.