Sivia Capital Partners LLC Purchases 657 Shares of Rio Tinto Group (NYSE:RIO)

Sivia Capital Partners LLC raised its holdings in Rio Tinto Group (NYSE:RIO) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,482 shares of the mining company’s stock after purchasing an additional 657 shares during the period. Sivia Capital Partners LLC’s holdings in Rio Tinto Group were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. GHP Investment Advisors Inc. bought a new stake in Rio Tinto Group during the second quarter valued at approximately $26,000. Winch Advisory Services LLC bought a new stake in Rio Tinto Group in the 3rd quarter worth $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of Rio Tinto Group during the third quarter worth about $28,000. Sound Income Strategies LLC boosted its holdings in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after purchasing an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at about $38,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Jefferies Financial Group cut their target price on shares of 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. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rio Tinto Group presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Stock Up 1.1 %

Shares of RIO traded up $0.64 during mid-day trading on Monday, reaching $59.48. The company had a trading volume of 2,063,854 shares, compared to its average volume of 2,940,281. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. The company has a market capitalization of $74.52 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. The firm has a 50-day moving average price of $61.51 and a 200 day moving average price of $63.74. Rio Tinto Group has a 52 week low of $57.85 and a 52 week high of $74.24.

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.