Crossmark Global Holdings Inc. Has $6.37 Million Position in Rio Tinto Group (NYSE:RIO)

Crossmark Global Holdings Inc. raised its stake in shares of Rio Tinto Group (NYSE:RIO) by 53.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,466 shares of the mining company’s stock after purchasing an additional 31,290 shares during the period. Crossmark Global Holdings Inc.’s holdings in Rio Tinto Group were worth $6,367,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of Rio Tinto Group by 2.3% during the 3rd quarter. Assetmark Inc. now owns 63,410 shares of the mining company’s stock worth $4,513,000 after buying an additional 1,401 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Rio Tinto Group by 16.8% during the third quarter. Verdence Capital Advisors LLC now owns 37,984 shares of the mining company’s stock valued at $2,703,000 after acquiring an additional 5,469 shares during the period. Philip James Wealth Mangement LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at about $1,345,000. Summit Global Investments increased its stake in shares of Rio Tinto Group by 10.1% in the third quarter. Summit Global Investments now owns 77,590 shares of the mining company’s stock worth $5,522,000 after purchasing an additional 7,112 shares during the period. Finally, Hara Capital LLC acquired a new position in shares of Rio Tinto Group during the 3rd quarter worth about $53,000. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at $64.43 on Monday. The company’s fifty day moving average price is $65.40 and its two-hundred day moving average price is $66.28. Rio Tinto Group has a 52-week low of $59.35 and a 52-week high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RIO. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. 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 upgraded shares of Rio Tinto Group to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Rio Tinto Group 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.