Chesley Taft & Associates LLC cut its position in Rio Tinto Group (NYSE:RIO – Free Report) by 4.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,025 shares of the mining company’s stock after selling 250 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Rio Tinto Group were worth $384,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in RIO. Meritage Portfolio Management increased its position in shares of Rio Tinto Group by 0.3% during the fourth quarter. Meritage Portfolio Management now owns 42,192 shares of the mining company’s stock worth $3,142,000 after acquiring an additional 147 shares in the last quarter. Dana Investment Advisors Inc. raised its stake in shares of Rio Tinto Group by 0.5% in the third quarter. Dana Investment Advisors Inc. now owns 29,483 shares of the mining company’s stock worth $1,876,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Rio Tinto Group by 8.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,922 shares of the mining company’s stock valued at $143,000 after purchasing an additional 150 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Rio Tinto Group by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock valued at $41,000 after buying an additional 156 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its holdings in Rio Tinto Group by 0.3% during the fourth quarter. Uncommon Cents Investing LLC now owns 56,090 shares of the mining company’s stock worth $4,176,000 after buying an additional 175 shares in the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.
Rio Tinto Group Stock Down 1.5 %
Shares of NYSE:RIO traded down $0.97 during midday trading on Thursday, reaching $65.83. The company had a trading volume of 2,081,161 shares, compared to its average volume of 2,743,499. The company’s 50 day moving average price is $68.85 and its 200 day moving average price is $68.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.69 and a quick ratio of 1.17. Rio Tinto Group has a 52-week low of $58.27 and a 52-week high of $75.09.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on RIO
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.
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