Kingswood Wealth Advisors LLC cut its stake in Rio Tinto Group (NYSE:RIO – Free Report) by 14.9% in the first quarter, Holdings Channel.com reports. The firm owned 6,994 shares of the mining company’s stock after selling 1,227 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $446,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of Rio Tinto Group during the first quarter worth about $26,000. AdvisorNet Financial Inc grew its stake in shares of Rio Tinto Group by 785.7% during the 4th quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock worth $28,000 after acquiring an additional 330 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Rio Tinto Group by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock valued at $41,000 after purchasing an additional 156 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of Rio Tinto Group by 250.6% in the fourth quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock worth $46,000 after purchasing an additional 441 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in Rio Tinto Group during the fourth quarter worth $47,000. Institutional investors own 19.33% of the company’s stock.
Rio Tinto Group Stock Performance
Rio Tinto Group stock opened at $65.83 on Friday. The stock has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $68.17. 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 has a 52 week low of $58.27 and a 52 week high of $75.09.
Analyst Upgrades and Downgrades
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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.
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