Burford Brothers Inc. Has $872,000 Position in Rio Tinto Group (NYSE:RIO)

Burford Brothers Inc. trimmed its stake in Rio Tinto Group (NYSE:RIO) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,821 shares of the mining company’s stock after selling 651 shares during the quarter. Burford Brothers Inc.’s holdings in Rio Tinto Group were worth $872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RIO. AQR Capital Management LLC bought a new stake in Rio Tinto Group in the 2nd quarter valued at about $518,000. Sanctuary Advisors LLC acquired a new stake in Rio Tinto Group in the second quarter valued at approximately $1,910,000. Azzad Asset Management Inc. ADV raised its position in shares of Rio Tinto Group by 2.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 22,153 shares of the mining company’s stock worth $1,577,000 after purchasing an additional 458 shares during the period. MKT Advisors LLC lifted its holdings in shares of Rio Tinto Group by 19.8% in the 3rd quarter. MKT Advisors LLC now owns 4,390 shares of the mining company’s stock worth $311,000 after purchasing an additional 725 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Rio Tinto Group by 87.5% in the 3rd quarter. Mather Group LLC. now owns 2,967 shares of the mining company’s stock worth $211,000 after purchasing an additional 1,385 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Trading Down 0.8 %

Shares of RIO stock opened at $60.39 on Monday. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The firm has a 50-day moving average of $60.83 and a 200-day moving average of $63.10. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RIO shares. Jefferies Financial Group lowered their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. Finally, Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group 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.