Newbridge Financial Services Group Inc. Buys 1,042 Shares of Rio Tinto Group (NYSE:RIO)

Newbridge Financial Services Group Inc. grew its stake in shares of Rio Tinto Group (NYSE:RIOFree Report) by 130.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,842 shares of the mining company’s stock after purchasing an additional 1,042 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Rio Tinto Group were worth $117,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RIO. Orion Portfolio Solutions LLC increased its holdings in Rio Tinto Group by 6.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 38,917 shares of the mining company’s stock worth $2,477,000 after purchasing an additional 2,400 shares in the last quarter. Cozad Asset Management Inc. grew its holdings in shares of Rio Tinto Group by 32.0% in the third quarter. Cozad Asset Management Inc. now owns 8,973 shares of the mining company’s stock valued at $571,000 after acquiring an additional 2,176 shares in the last quarter. Lmcg Investments LLC grew its holdings in shares of Rio Tinto Group by 3.0% in the third quarter. Lmcg Investments LLC now owns 106,199 shares of the mining company’s stock valued at $6,759,000 after acquiring an additional 3,081 shares in the last quarter. US Bancorp DE grew its holdings in shares of Rio Tinto Group by 0.4% in the third quarter. US Bancorp DE now owns 121,407 shares of the mining company’s stock valued at $7,726,000 after acquiring an additional 528 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Rio Tinto Group by 11.3% in the third quarter. Signaturefd LLC now owns 22,474 shares of the mining company’s stock valued at $1,430,000 after acquiring an additional 2,285 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RIO shares. Liberum Capital reaffirmed a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Citigroup downgraded Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Check Out Our Latest Stock Report on Rio Tinto Group

Rio Tinto Group Price Performance

Rio Tinto Group stock traded down $1.27 during trading on Wednesday, hitting $72.21. The stock had a trading volume of 3,413,678 shares, compared to its average volume of 2,940,596. Rio Tinto Group has a 1 year low of $58.27 and a 1 year high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.69 and a quick ratio of 1.17. The stock’s 50 day moving average is $66.89 and its two-hundred day moving average is $68.17.

About Rio Tinto Group

(Free Report)

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.

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

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