Optas LLC Purchases 154 Shares of Rio Tinto Group (NYSE:RIO)

Optas LLC boosted its position in Rio Tinto Group (NYSE:RIO) by 4.2% in the first quarter, Holdings Channel.com reports. The firm owned 3,833 shares of the mining company’s stock after buying an additional 154 shares during the quarter. Optas LLC’s holdings in Rio Tinto Group were worth $244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RIO. FMR LLC grew its holdings in Rio Tinto Group by 12.6% in the third quarter. FMR LLC now owns 381,989 shares of the mining company’s stock worth $24,310,000 after purchasing an additional 42,684 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Rio Tinto Group by 160.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 581,714 shares of the mining company’s stock worth $37,020,000 after buying an additional 358,121 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $220,000. Schonfeld Strategic Advisors LLC purchased a new position in Rio Tinto Group during the third quarter valued at $1,865,000. Finally, Perritt Capital Management Inc. bought a new stake in Rio Tinto Group in the third quarter worth $412,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 0.2 %

Shares of RIO traded up $0.11 during mid-day trading on Friday, hitting $65.93. 1,756,282 shares of the company traded hands, compared to its average volume of 1,734,680. Rio Tinto Group has a 1 year low of $58.27 and a 1 year high of $75.09. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $68.81 and a two-hundred day moving average price of $68.11.

Analyst Ratings Changes

Several brokerages have recently weighed in on RIO. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Berenberg Bank downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday. Liberum Capital reiterated a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Finally, Citigroup cut Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.