BayBridge Capital Group LLC Sells 998 Shares of Rio Tinto Group (NYSE:RIO)

BayBridge Capital Group LLC trimmed its holdings in shares of Rio Tinto Group (NYSE:RIO) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,203 shares of the mining company’s stock after selling 998 shares during the quarter. BayBridge Capital Group LLC’s holdings in Rio Tinto Group were worth $365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Winch Advisory Services LLC bought a new position in shares of Rio Tinto Group during the third quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new position in Rio Tinto Group during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after acquiring an additional 195 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after acquiring an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Rio Tinto Group during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on RIO shares. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Jefferies Financial Group dropped their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 25th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Stock Performance

Shares of NYSE RIO opened at $61.96 on Friday. The stock has a 50-day moving average price of $60.73 and a two-hundred day moving average price of $63.02. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

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.