J.W. Cole Advisors Inc. Sells 216 Shares of Rio Tinto Group (NYSE:RIO)

J.W. Cole Advisors Inc. cut its stake in shares of Rio Tinto Group (NYSE:RIO) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,337 shares of the mining company’s stock after selling 216 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Rio Tinto Group were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 acquiring an additional 195 shares during the last quarter. Hara Capital LLC bought a new stake in shares of Rio Tinto Group during the 3rd quarter valued at about $53,000. Golden State Wealth Management LLC bought a new stake in shares of Rio Tinto Group during the 4th quarter valued at about $47,000. Nisa Investment Advisors LLC increased its position in shares of Rio Tinto Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 820 shares of the mining company’s stock valued at $58,000 after purchasing an additional 270 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Rio Tinto Group in the 4th quarter worth approximately $50,000. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Stock Up 2.4 %

Rio Tinto Group stock opened at $64.25 on Friday. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24. The firm has a 50 day moving average of $60.58 and a 200 day moving average of $62.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 14th. Jefferies Financial Group cut their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.