Capital Advisors Inc. OK Has $24.11 Million Stock Holdings in Rio Tinto Group (NYSE:RIO)

Capital Advisors Inc. OK increased its stake in shares of Rio Tinto Group (NYSE:RIO) by 26.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,037 shares of the mining company’s stock after purchasing an additional 85,034 shares during the quarter. Capital Advisors Inc. OK’s holdings in Rio Tinto Group were worth $24,114,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in Rio Tinto Group in the 2nd quarter valued at approximately $518,000. Sound Income Strategies LLC increased its position in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after buying an additional 173 shares during the period. Armstrong Advisory Group Inc. increased its position in shares of Rio Tinto Group by 9.6% during the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock worth $129,000 after buying an additional 159 shares during the period. Creative Planning increased its position in shares of Rio Tinto Group by 4.4% during the third quarter. Creative Planning now owns 80,160 shares of the mining company’s stock worth $5,705,000 after buying an additional 3,413 shares during the period. Finally, NBC Securities Inc. increased its position in shares of Rio Tinto Group by 24.2% during the third quarter. NBC Securities Inc. now owns 1,207 shares of the mining company’s stock worth $85,000 after buying an additional 235 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RIO shares. StockNews.com cut shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 25th. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group cut their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Four equities 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Trading Down 1.0 %

Shares of RIO stock opened at $61.65 on Wednesday. The firm has a 50-day moving average of $60.70 and a 200-day moving average of $62.98. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24.

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.