Centaurus Financial Inc. Sells 188 Shares of Rio Tinto Group (NYSE:RIO)

Centaurus Financial Inc. lowered its stake in Rio Tinto Group (NYSE:RIO) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,455 shares of the mining company’s stock after selling 188 shares during the period. Centaurus Financial Inc.’s holdings in Rio Tinto Group were worth $175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new position in shares of Rio Tinto Group in the 2nd quarter worth approximately $26,000. Winch Advisory Services LLC purchased a new position in Rio Tinto Group during the third quarter worth $26,000. FSC Wealth Advisors LLC purchased a new position in Rio Tinto Group during the third quarter worth $28,000. Sound Income Strategies LLC increased its position in Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after acquiring an additional 173 shares during the last quarter. Finally, Centerpoint Advisors LLC lifted its holdings in shares of Rio Tinto Group by 110.0% in the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after acquiring an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RIO shares. StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upgraded Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Finally, Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rio Tinto Group Stock Up 0.5 %

Shares of NYSE RIO opened at $62.32 on Thursday. Rio Tinto Group has a twelve month low of $59.35 and a twelve month high of $75.09. The business has a fifty day simple moving average of $65.54 and a two-hundred day simple moving average of $65.66. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

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.