Ulland Investment Advisors LLC Sells 700 Shares of Rio Tinto Group (NYSE:RIO)

Ulland Investment Advisors LLC cut its position in Rio Tinto Group (NYSE:RIO) by 33.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,400 shares of the mining company’s stock after selling 700 shares during the period. Ulland Investment Advisors LLC’s holdings in Rio Tinto Group were worth $82,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC purchased a new stake in shares of Rio Tinto Group during the third quarter worth about $26,000. FSC Wealth Advisors LLC purchased a new stake in Rio Tinto Group in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after buying an additional 195 shares during the period. Sound Income Strategies LLC increased its holdings in 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 buying an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Rio Tinto Group during the 3rd quarter worth approximately $38,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Group Trading Up 2.0 %

RIO opened at $61.00 on Tuesday. The company has a fifty day moving average of $60.98 and a two-hundred day moving average of $63.53. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RIO shares. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group lowered their target price on 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. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.