Creekmur Asset Management LLC Takes Position in Rio Tinto Group (NYSE:RIO)

Creekmur Asset Management LLC acquired a new stake in Rio Tinto Group (NYSE:RIOFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,060 shares of the mining company’s stock, valued at approximately $79,000.

A number of other hedge funds have also modified their holdings of RIO. AdvisorNet Financial Inc grew its holdings in 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 period. Parkside Financial Bank & Trust grew its holdings in Rio Tinto Group by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock worth $41,000 after acquiring an additional 156 shares during the period. Financial Management Professionals Inc. grew its holdings in Rio Tinto Group by 250.6% during the fourth quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock worth $46,000 after acquiring an additional 441 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in Rio Tinto Group during the fourth quarter worth about $47,000. Finally, Bogart Wealth LLC grew its holdings in Rio Tinto Group by 279.3% during the fourth quarter. Bogart Wealth LLC now owns 679 shares of the mining company’s stock worth $51,000 after acquiring an additional 500 shares during the period. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on RIO shares. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Liberum Capital reaffirmed a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Finally, Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Rio Tinto Group currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Read Our Latest Stock Report on Rio Tinto Group

Rio Tinto Group Price Performance

RIO traded down $0.41 during trading on Friday, hitting $66.51. The company’s stock had a trading volume of 1,633,293 shares, compared to its average volume of 2,246,716. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a twelve month low of $58.27 and a twelve month high of $75.09. The business’s fifty day simple moving average is $68.84 and its 200 day simple moving average is $68.34.

Rio Tinto Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

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