Sivia Capital Partners LLC Buys Shares of 3,569 Rio Tinto Group (NYSE:RIO)

Sivia Capital Partners LLC bought a new stake in shares of Rio Tinto Group (NYSE:RIO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,569 shares of the mining company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RIO. ICA Group Wealth Management LLC bought a new stake in shares of Rio Tinto Group during the fourth quarter valued at approximately $65,000. SageView Advisory Group LLC increased its position in shares of Rio Tinto Group by 58.8% during the fourth quarter. SageView Advisory Group LLC now owns 5,466 shares of the mining company’s stock valued at $384,000 after acquiring an additional 2,024 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Rio Tinto Group by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 16,019,748 shares of the mining company’s stock valued at $1,192,830,000 after acquiring an additional 449,536 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Rio Tinto Group by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 24,838,524 shares of the mining company’s stock valued at $1,849,476,000 after acquiring an additional 1,644,751 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Rio Tinto Group during the fourth quarter valued at approximately $79,000. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

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

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at $66.02 on Tuesday. The company’s fifty day simple moving average is $68.84 and its 200-day simple moving average is $68.32. Rio Tinto Group has a 1-year low of $58.27 and a 1-year high of $75.09. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23.

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.