Compass Wealth Management LLC Sells 2,100 Shares of Rio Tinto Group (NYSE:RIO)

Compass Wealth Management LLC cut its stake in shares of Rio Tinto Group (NYSE:RIO) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,680 shares of the mining company’s stock after selling 2,100 shares during the period. Compass Wealth Management LLC’s holdings in Rio Tinto Group were worth $805,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IVC Wealth Advisors LLC boosted its holdings in Rio Tinto Group by 6.4% during the fourth quarter. IVC Wealth Advisors LLC now owns 10,204 shares of the mining company’s stock worth $600,000 after purchasing an additional 618 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Rio Tinto Group by 28.6% in the 4th quarter. Avior Wealth Management LLC now owns 5,729 shares of the mining company’s stock worth $337,000 after buying an additional 1,275 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Rio Tinto Group by 242.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 288,075 shares of the mining company’s stock valued at $16,942,000 after acquiring an additional 204,059 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Rio Tinto Group by 71.4% during the fourth quarter. SG Americas Securities LLC now owns 5,594 shares of the mining company’s stock valued at $329,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Davis Capital Management boosted its position in Rio Tinto Group by 6.8% in the fourth quarter. Davis Capital Management now owns 14,828 shares of the mining company’s stock worth $872,000 after purchasing an additional 939 shares during the last quarter. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Up 0.9 %

Shares of RIO stock opened at $62.11 on Friday. 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 quick ratio of 1.16 and a current ratio of 1.70. The firm’s 50 day moving average is $61.02 and its 200 day moving average is $63.37.

Analyst Ratings Changes

RIO has been the subject of several research analyst reports. Jefferies Financial Group decreased their target price on 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. StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.