Ted Buchan & Co Decreases Stock Position in Rio Tinto Group (NYSE:RIO)

Ted Buchan & Co lowered its position in shares of Rio Tinto Group (NYSE:RIO) by 13.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,186 shares of the mining company’s stock after selling 2,428 shares during the period. Ted Buchan & Co’s holdings in Rio Tinto Group were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Rio Tinto Group by 0.4% during the 1st quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock worth $2,547,000 after buying an additional 147 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Rio Tinto Group by 55.4% during the first quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock valued at $26,000 after acquiring an additional 148 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Rio Tinto Group by 9.6% during the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock worth $129,000 after acquiring an additional 159 shares during the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings 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 purchasing an additional 163 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings 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 purchasing an additional 169 shares during the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Price Performance

Rio Tinto Group stock opened at $64.43 on Friday. Rio Tinto Group has a 1 year low of $59.35 and a 1 year high of $75.09. The firm’s 50-day moving average is $65.40 and its 200-day moving average is $66.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RIO shares. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 6th. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Hsbc Global Res raised shares of Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.