Empowered Funds LLC Has $254,000 Position in Rio Tinto Group (NYSE:RIO)

Empowered Funds LLC lifted its holdings in Rio Tinto Group (NYSE:RIO) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,567 shares of the mining company’s stock after purchasing an additional 431 shares during the quarter. Empowered Funds LLC’s holdings in Rio Tinto Group were worth $254,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of Montreal Can increased its position in shares of Rio Tinto Group by 237.0% during the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock worth $164,493,000 after acquiring an additional 1,738,752 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Rio Tinto Group by 8.7% in the 2nd quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company’s stock valued at $45,870,000 after purchasing an additional 55,967 shares during the period. Philip James Wealth Mangement LLC acquired a new stake in shares of Rio Tinto Group in the 3rd quarter valued at about $1,345,000. First City Capital Management Inc. lifted its holdings in shares of Rio Tinto Group by 118.5% in the second quarter. First City Capital Management Inc. now owns 15,178 shares of the mining company’s stock valued at $1,001,000 after purchasing an additional 8,230 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Rio Tinto Group by 38.1% during the second quarter. QRG Capital Management Inc. now owns 95,497 shares of the mining company’s stock worth $6,296,000 after buying an additional 26,329 shares during the period. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Stock Performance

NYSE RIO opened at $62.97 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. The firm has a 50-day moving average of $65.57 and a 200-day moving average of $65.74. Rio Tinto Group has a 52-week low of $59.35 and a 52-week high of $75.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Finally, Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of “Moderate Buy”.

Rio Tinto Group Company 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.