Hexagon Capital Partners LLC reduced its stake in shares of Rio Tinto Group (NYSE:RIO – Free Report) by 29.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,737 shares of the mining company’s stock after selling 1,122 shares during the period. Hexagon Capital Partners LLC’s holdings in Rio Tinto Group were worth $174,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in Rio Tinto Group in the 1st quarter worth approximately $26,000. AdvisorNet Financial Inc boosted its holdings in Rio Tinto Group by 785.7% in the 4th quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock worth $28,000 after buying an additional 330 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Rio Tinto Group by 39.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock worth $41,000 after buying an additional 156 shares during the period. Financial Management Professionals Inc. boosted its holdings in Rio Tinto Group by 250.6% in the 4th quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock worth $46,000 after buying an additional 441 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new position in Rio Tinto Group in the 4th quarter worth approximately $47,000. 19.33% of the stock is owned by institutional investors.
Rio Tinto Group Stock Performance
NYSE:RIO traded up $0.50 during trading hours on Monday, hitting $66.43. The stock had a trading volume of 1,988,696 shares, compared to its average volume of 2,729,563. The company has a 50 day simple moving average of $68.81 and a two-hundred day simple moving average of $68.11. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a one year low of $58.27 and a one year high of $75.09.
Analyst Ratings Changes
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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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