Leisure Capital Management Sells 2,709 Shares of Rio Tinto Group (NYSE:RIO)

Leisure Capital Management lessened its position in Rio Tinto Group (NYSE:RIO) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,489 shares of the mining company’s stock after selling 2,709 shares during the period. Leisure Capital Management’s holdings in Rio Tinto Group were worth $1,153,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Rio Tinto Group by 41.0% in the third quarter. Wellington Management Group LLP now owns 23,193,773 shares of the mining company’s stock valued at $1,476,052,000 after purchasing an additional 6,748,799 shares in the last quarter. Morgan Stanley increased its position in shares of Rio Tinto Group by 2.7% during the third quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock worth $284,111,000 after acquiring an additional 118,706 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Rio Tinto Group by 5.9% during the third quarter. Acadian Asset Management LLC now owns 2,903,093 shares of the mining company’s stock worth $184,721,000 after acquiring an additional 161,532 shares in the last quarter. Northern Trust Corp increased its position in shares of Rio Tinto Group by 0.9% during the third quarter. Northern Trust Corp now owns 1,893,222 shares of the mining company’s stock worth $120,485,000 after acquiring an additional 17,401 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Rio Tinto Group by 33.5% during the third quarter. Envestnet Asset Management Inc. now owns 965,384 shares of the mining company’s stock worth $61,437,000 after acquiring an additional 242,313 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group assumed coverage on shares of Rio Tinto Group in a research report on Friday, January 12th. They set a “buy” rating for the company. Finally, Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.00.

Rio Tinto Group Stock Up 0.7 %

Rio Tinto Group stock traded up $0.46 during mid-day trading on Friday, reaching $68.24. The company’s stock had a trading volume of 3,019,687 shares, compared to its average volume of 3,306,954. Rio Tinto Group has a 12 month low of $58.27 and a 12 month high of $75.09. The business’s 50 day simple moving average is $64.86 and its 200 day simple moving average is $67.27. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 8th were given a $2.58 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 6.6%. This is an increase from Rio Tinto Group’s previous semi-annual dividend of $1.77.

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.