Caprock Group LLC Sells 218 Shares of Rio Tinto Group (NYSE:RIO)

Caprock Group LLC cut its stake in Rio Tinto Group (NYSE:RIO) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,282 shares of the mining company’s stock after selling 218 shares during the period. Caprock Group LLC’s holdings in Rio Tinto Group were worth $1,657,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in Rio Tinto Group by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock valued at $2,547,000 after acquiring an additional 147 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in Rio Tinto Group by 9.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock valued at $129,000 after buying an additional 159 shares during the period. Eagle Bluffs Wealth Management LLC lifted its stake in Rio Tinto Group by 1.1% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 14,997 shares of the mining company’s stock valued at $989,000 after buying an additional 163 shares during the period. Bessemer Group Inc. lifted its stake in Rio Tinto Group by 2.4% in the first quarter. Bessemer Group Inc. now owns 7,304 shares of the mining company’s stock valued at $465,000 after buying an additional 169 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in Rio Tinto Group by 70.9% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after buying an additional 173 shares during the period. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Stock Performance

RIO stock opened at $62.40 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $59.35 and a fifty-two week high of $75.09. The stock has a fifty day moving average of $65.56 and a 200-day moving average of $65.91.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RIO shares. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.