Hamilton Point Investment Advisors LLC Raises Position in Rio Tinto Group (NYSE:RIO)

Hamilton Point Investment Advisors LLC lifted its stake in Rio Tinto Group (NYSE:RIO) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,191 shares of the mining company’s stock after purchasing an additional 598 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Rio Tinto Group were worth $2,599,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RIO. Philip James Wealth Mangement LLC bought a new position in shares of Rio Tinto Group during the third quarter valued at approximately $1,345,000. Fisher Asset Management LLC increased its stake in Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock worth $1,247,475,000 after purchasing an additional 485,731 shares during the period. Jeppson Wealth Management LLC increased its stake in Rio Tinto Group by 47.5% in the fourth quarter. Jeppson Wealth Management LLC now owns 20,093 shares of the mining company’s stock worth $1,182,000 after purchasing an additional 6,473 shares during the period. Northwest Bancshares Inc. purchased a new stake in shares of Rio Tinto Group during the third quarter valued at $1,440,000. Finally, Barclays PLC grew its holdings in shares of Rio Tinto Group by 225.6% in the third quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock worth $23,888,000 after purchasing an additional 232,539 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 2.0 %

NYSE:RIO opened at $60.91 on Friday. The firm has a 50-day simple moving average of $60.87 and a 200-day simple moving average of $63.17. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

RIO has been the subject of a number of research analyst reports. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Jefferies Financial Group lowered their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Rio Tinto Group presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.