World Investment Advisors LLC Has $342,000 Stake in Rio Tinto Group (NYSE:RIO)

World Investment Advisors LLC grew its holdings in Rio Tinto Group (NYSE:RIO) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,802 shares of the mining company’s stock after purchasing an additional 266 shares during the quarter. World Investment Advisors LLC’s holdings in Rio Tinto Group were worth $342,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RIO. Bank of Montreal Can grew its holdings in 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 buying an additional 1,738,752 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Rio Tinto Group by 8.7% in the second quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company’s stock valued at $45,870,000 after acquiring an additional 55,967 shares during the period. Philip James Wealth Mangement LLC acquired a new stake in shares of Rio Tinto Group in the third quarter worth $1,345,000. Fisher Asset Management LLC increased its position in Rio Tinto Group by 2.9% during the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock worth $1,247,475,000 after acquiring an additional 485,731 shares during the period. Finally, Northwest Bancshares Inc. acquired a new position in Rio Tinto Group during the 3rd quarter valued at $1,440,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at $59.34 on Thursday. The firm’s 50-day simple moving average is $63.89 and its 200-day simple moving average is $64.77. Rio Tinto Group has a twelve month low of $59.19 and a twelve month high of $75.09. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Four 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 stock. According to MarketBeat.com, the stock presently 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.