Rio Tinto Group (NYSE:RIO) Shares Sold by Barry Investment Advisors LLC

Barry Investment Advisors LLC decreased its position in Rio Tinto Group (NYSE:RIO) by 14.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,381 shares of the mining company’s stock after selling 729 shares during the quarter. Barry Investment Advisors LLC’s holdings in Rio Tinto Group were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Meritage Portfolio Management raised its position in shares of Rio Tinto Group by 0.3% in the fourth quarter. Meritage Portfolio Management now owns 42,192 shares of the mining company’s stock valued at $3,142,000 after buying an additional 147 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Rio Tinto Group by 0.5% during the 3rd quarter. Dana Investment Advisors Inc. now owns 29,483 shares of the mining company’s stock worth $1,876,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Rio Tinto Group by 8.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,922 shares of the mining company’s stock worth $143,000 after purchasing an additional 150 shares during the last quarter. Optas LLC grew its position in shares of Rio Tinto Group by 4.2% in the first quarter. Optas LLC now owns 3,833 shares of the mining company’s stock valued at $244,000 after purchasing an additional 154 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Rio Tinto Group by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock valued at $41,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 0.2 %

Shares of NYSE:RIO traded up $0.11 during trading on Friday, reaching $65.93. 1,756,282 shares of the stock were exchanged, compared to its average volume of 1,734,680. The firm’s 50-day moving average price is $68.81 and its 200 day moving average price is $68.11. Rio Tinto Group has a 12-month low of $58.27 and a 12-month 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.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Liberum Capital restated a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Berenberg Bank lowered shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Four investment 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. Based on data from MarketBeat.com, the company 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.