EagleClaw Capital Managment LLC Cuts Position in Rio Tinto Group (NYSE:RIO)

EagleClaw Capital Managment LLC decreased its position in Rio Tinto Group (NYSE:RIO) by 0.8% during the 3rd quarter, Holdings Channel reports. The fund owned 51,885 shares of the mining company’s stock after selling 415 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Rio Tinto Group were worth $3,693,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new stake in shares of Rio Tinto Group in the 3rd quarter valued at $26,000. GHP Investment Advisors Inc. acquired a new stake in Rio Tinto Group in the second quarter valued at $26,000. FSC Wealth Advisors LLC purchased a new stake in Rio Tinto Group during the 3rd quarter worth about $28,000. Sound Income Strategies LLC boosted its position in shares of Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Centerpoint Advisors LLC increased 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 valued at $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.

Rio Tinto Group Trading Up 0.4 %

Shares of RIO traded up $0.26 during mid-day trading on Wednesday, reaching $62.69. 122,257 shares of the company’s stock were exchanged, compared to its average volume of 2,748,128. The business’s fifty day simple moving average is $65.54 and its 200-day simple moving average is $65.94. Rio Tinto Group has a 52-week low of $59.35 and a 52-week high of $75.09. 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 Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upgraded Rio Tinto Group to a “hold” rating in a research note on Wednesday, July 31st. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com cut shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Hsbc Global Res upgraded shares of Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.