O Brien Greene & Co. Inc Grows Holdings in Rio Tinto Group (NYSE:RIO)

O Brien Greene & Co. Inc increased its stake in shares of Rio Tinto Group (NYSE:RIO) by 67.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,375 shares of the mining company’s stock after purchasing an additional 3,375 shares during the period. O Brien Greene & Co. Inc’s holdings in Rio Tinto Group were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RIO. CIBC Private Wealth Group LLC acquired a new position in Rio Tinto Group during the first quarter worth $2,216,000. Ritholtz Wealth Management lifted its stake in Rio Tinto Group by 1.2% during the 1st quarter. Ritholtz Wealth Management now owns 27,583 shares of the mining company’s stock worth $2,142,000 after acquiring an additional 327 shares in the last quarter. Standard Family Office LLC boosted its holdings in Rio Tinto Group by 9.6% during the 1st quarter. Standard Family Office LLC now owns 3,514 shares of the mining company’s stock valued at $273,000 after acquiring an additional 307 shares during the period. Brinker Capital Investments LLC grew its position in Rio Tinto Group by 57.0% in the 1st quarter. Brinker Capital Investments LLC now owns 25,801 shares of the mining company’s stock valued at $2,015,000 after acquiring an additional 9,365 shares in the last quarter. Finally, Enlightenment Research LLC acquired a new position in Rio Tinto Group in the 1st quarter valued at about $357,000. Hedge funds and other institutional investors own 8.04% of the company’s stock.

RIO has been the subject of several recent research reports. DZ Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 31st. Zacks Investment Research downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 6th. Societe Generale upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 18th. Jefferies Financial Group boosted their target price on Rio Tinto Group from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, May 17th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Thursday, February 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $91.00.

NYSE:RIO traded up $0.64 during midday trading on Friday, hitting $87.54. 69,749 shares of the company were exchanged, compared to its average volume of 2,497,057. Rio Tinto Group has a fifty-two week low of $54.87 and a fifty-two week high of $95.97. The firm has a market capitalization of $109.25 billion, a P/E ratio of 11.29 and a beta of 0.61. The company has a quick ratio of 1.46, a current ratio of 1.80 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $86.43.

Rio Tinto Group Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

Further Reading: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto Group (NYSE:RIO).

Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.