Brinker Capital Investments LLC Has $980,000 Stake in Rio Tinto Group (NYSE:RIO)

Brinker Capital Investments LLC trimmed its stake in Rio Tinto Group (NYSE:RIOGet Rating) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,802 shares of the mining company’s stock after selling 368 shares during the period. Brinker Capital Investments LLC’s holdings in Rio Tinto Group were worth $980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RIO. Coastline Trust Co grew its holdings in Rio Tinto Group by 1.0% during the 2nd quarter. Coastline Trust Co now owns 17,361 shares of the mining company’s stock worth $1,059,000 after acquiring an additional 180 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Rio Tinto Group by 8.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,195 shares of the mining company’s stock worth $134,000 after acquiring an additional 180 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Rio Tinto Group by 12.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,681 shares of the mining company’s stock worth $103,000 after acquiring an additional 185 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in Rio Tinto Group by 2.9% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 7,100 shares of the mining company’s stock worth $391,000 after acquiring an additional 203 shares during the period. Finally, Hudock Inc. grew its holdings in Rio Tinto Group by 5.6% during the 2nd quarter. Hudock Inc. now owns 3,950 shares of the mining company’s stock worth $240,000 after acquiring an additional 209 shares during the period. 10.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RIO shares. Morgan Stanley decreased their price target on Rio Tinto Group from GBX 6,040 ($73.70) to GBX 5,700 ($69.55) in a report on Thursday, December 8th. JPMorgan Chase & Co. increased their price target on Rio Tinto Group from GBX 5,310 ($64.80) to GBX 5,380 ($65.65) in a report on Wednesday, January 18th. Citigroup downgraded Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Thursday, December 1st. Barclays raised shares of Rio Tinto Group from an “underweight” rating to an “equal weight” rating in a research report on Thursday, January 12th. Finally, CLSA cut shares of Rio Tinto Group from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 17th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4,337.50.

Rio Tinto Group Trading Up 1.4 %

Shares of NYSE RIO opened at $78.38 on Monday. Rio Tinto Group has a fifty-two week low of $50.92 and a fifty-two week high of $84.69. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $70.62 and its 200 day simple moving average is $61.89.

Rio Tinto Group Profile

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Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

See Also

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Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

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