Essex Financial Services Inc. Has $567,000 Stake in Rio Tinto Group (NYSE:RIO)

Essex Financial Services Inc. lowered its holdings in Rio Tinto Group (NYSE:RIO) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,640 shares of the mining company’s stock after selling 243 shares during the quarter. Essex Financial Services Inc.’s holdings in Rio Tinto Group were worth $567,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC lifted its position in Rio Tinto Group by 4.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company’s stock worth $303,000 after buying an additional 175 shares in the last quarter. Stonegate Investment Group LLC lifted its position in shares of Rio Tinto Group by 3.4% during the third quarter. Stonegate Investment Group LLC now owns 5,467 shares of the mining company’s stock worth $389,000 after purchasing an additional 179 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after purchasing an additional 195 shares during the last quarter. Cohen Investment Advisors LLC increased its holdings in shares of Rio Tinto Group by 3.8% in the fourth quarter. Cohen Investment Advisors LLC now owns 5,352 shares of the mining company’s stock valued at $315,000 after purchasing an additional 198 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of Rio Tinto Group by 2.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 10,191 shares of the mining company’s stock valued at $599,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

RIO has been the topic of several research reports. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 25th. Jefferies Financial Group decreased their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four investment 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 stock. According to data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group Price Performance

NYSE:RIO opened at $62.02 on Thursday. The stock’s fifty day simple moving average is $60.66 and its 200-day simple moving average is $62.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

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.