Sivia Capital Partners LLC Has $205,000 Holdings in Rio Tinto Group (NYSE:RIO)

Sivia Capital Partners LLC boosted its position in Rio Tinto Group (NYSE:RIO) by 23.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,482 shares of the mining company’s stock after buying an additional 657 shares during the period. Sivia Capital Partners LLC’s holdings in Rio Tinto Group were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Rio Tinto Group by 2.9% during the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after purchasing an additional 485,731 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Rio Tinto Group by 237.0% in the 2nd quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock valued at $164,493,000 after acquiring an additional 1,738,752 shares in the last quarter. FMR LLC boosted its stake in Rio Tinto Group by 35.1% during the third quarter. FMR LLC now owns 1,381,766 shares of the mining company’s stock worth $98,340,000 after acquiring an additional 358,630 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Rio Tinto Group by 9.8% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 932,151 shares of the mining company’s stock worth $66,341,000 after purchasing an additional 83,569 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Rio Tinto Group by 78.3% in the second quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock valued at $56,565,000 after purchasing an additional 376,778 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 1.1 %

RIO traded up $0.64 during mid-day trading on Monday, reaching $59.48. 2,063,854 shares of the stock were exchanged, compared to its average volume of 2,940,281. The company has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $63.74. The stock has a market capitalization of $74.52 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a 1 year low of $57.85 and a 1 year high of $74.24.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group cut their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.00.

About Rio Tinto Group

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.