Rio Tinto Group (NYSE:RIO) Stock Holdings Lowered by Foresight Global Investors Inc.

Foresight Global Investors Inc. cut its position in Rio Tinto Group (NYSE:RIO) by 41.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,820 shares of the mining company’s stock after selling 12,850 shares during the quarter. Foresight Global Investors Inc.’s holdings in Rio Tinto Group were worth $1,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RIO. Moors & Cabot Inc. increased its stake in shares of Rio Tinto Group by 8.7% in the second quarter. Moors & Cabot Inc. now owns 63,688 shares of the mining company’s stock valued at $4,199,000 after purchasing an additional 5,113 shares during the period. Lmcg Investments LLC increased its position in Rio Tinto Group by 3.2% in the 2nd quarter. Lmcg Investments LLC now owns 110,945 shares of the mining company’s stock valued at $7,315,000 after acquiring an additional 3,431 shares during the period. Total Clarity Wealth Management Inc. acquired a new position in Rio Tinto Group during the 2nd quarter worth $204,000. Quantbot Technologies LP raised its stake in shares of Rio Tinto Group by 73.6% during the second quarter. Quantbot Technologies LP now owns 51,679 shares of the mining company’s stock valued at $3,407,000 after purchasing an additional 21,916 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Rio Tinto Group by 78.3% in the second quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock worth $56,565,000 after purchasing an additional 376,778 shares during the period. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Stock Performance

Shares of NYSE:RIO opened at $63.19 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $63.43 and a 200-day moving average of $65.70. Rio Tinto Group has a one year low of $59.35 and a one year high of $75.09.

Rio Tinto Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 16th will be issued a dividend of $1.77 per share. This represents a dividend yield of 6.8%. The ex-dividend date is Friday, August 16th.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Berenberg Bank downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Citigroup cut Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Hsbc Global Res raised Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. HSBC raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.