Harbour Investments Inc. Sells 201 Shares of Rio Tinto Group (NYSE:RIO)

Harbour Investments Inc. trimmed its position in Rio Tinto Group (NYSE:RIO) by 6.2% during the third quarter, HoldingsChannel.com reports. The firm owned 3,040 shares of the mining company’s stock after selling 201 shares during the quarter. Harbour Investments Inc.’s holdings in Rio Tinto Group were worth $216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in Rio Tinto Group by 0.4% in the 1st quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock valued at $2,547,000 after buying an additional 147 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Rio Tinto Group by 9.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock valued at $129,000 after purchasing an additional 159 shares during the last quarter. Eagle Bluffs Wealth Management LLC lifted its position in shares of Rio Tinto Group by 1.1% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 14,997 shares of the mining company’s stock worth $989,000 after purchasing an additional 163 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Rio Tinto Group by 2.4% during the first quarter. Bessemer Group Inc. now owns 7,304 shares of the mining company’s stock worth $465,000 after purchasing an additional 169 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in Rio Tinto Group by 70.9% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after purchasing an additional 173 shares in the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Trading Up 0.9 %

RIO opened at $60.98 on Monday. 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 stock’s fifty day simple moving average is $65.44 and its 200 day simple moving average is $66.03. Rio Tinto Group has a 1-year low of $59.35 and a 1-year high of $75.09.

Analyst Upgrades and Downgrades

RIO has been the subject of a number of recent research reports. HSBC upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rio Tinto Group 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.