Soltis Investment Advisors LLC Has $7.10 Million Holdings in Rio Tinto Group (NYSE:RIO)

Soltis Investment Advisors LLC raised its holdings in Rio Tinto Group (NYSE:RIO) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,710 shares of the mining company’s stock after purchasing an additional 15,422 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Rio Tinto Group were worth $7,099,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RIO. Jeppson Wealth Management LLC lifted its holdings in Rio Tinto Group by 47.5% in the fourth quarter. Jeppson Wealth Management LLC now owns 20,093 shares of the mining company’s stock valued at $1,182,000 after buying an additional 6,473 shares during the period. Philip James Wealth Mangement LLC bought a new position in shares of Rio Tinto Group in the 3rd quarter worth $1,345,000. Fisher Asset Management LLC increased its holdings in Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after purchasing an additional 485,731 shares during the last quarter. Northwest Bancshares Inc. bought a new position in Rio Tinto Group during the third quarter worth about $1,440,000. Finally, Barclays PLC increased its stake in shares of Rio Tinto Group by 225.6% in the 3rd quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock valued at $23,888,000 after acquiring an additional 232,539 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at $61.96 on Monday. The stock’s 50-day moving average is $60.72 and its 200-day moving average is $63.00. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RIO shares. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of “Moderate Buy” and an average price target of $73.00.

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.