Brucke Financial Inc. Makes New Investment in Rio Tinto Group (NYSE:RIO)

Brucke Financial Inc. bought a new position in shares of Rio Tinto Group (NYSE:RIO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,502 shares of the mining company's stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its position in Rio Tinto Group by 74.8% during the fourth quarter. Rakuten Securities Inc. now owns 493 shares of the mining company's stock worth $29,000 after buying an additional 211 shares during the period. Mechanics Financial Corp acquired a new position in Rio Tinto Group during the fourth quarter worth about $29,000. Ameriflex Group Inc. acquired a new position in Rio Tinto Group during the fourth quarter worth about $47,000. Golden State Wealth Management LLC acquired a new stake in shares of Rio Tinto Group in the fourth quarter valued at approximately $47,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Rio Tinto Group in the fourth quarter valued at approximately $50,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Group Trading Up 0.4%

Shares of RIO traded up $0.24 on Thursday, hitting $60.19. 3,400,808 shares of the stock traded hands, compared to its average volume of 2,870,968. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $75.47 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.42 and a beta of 0.73. The stock's 50 day moving average is $59.51 and its two-hundred day moving average is $60.82. Rio Tinto Group has a 1 year low of $51.67 and a 1 year high of $72.08.

Wall Street Analysts Forecast Growth

RIO has been the topic of several research reports. Wall Street Zen lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th. Clarkson Capital upgraded shares of Rio Tinto Group to a "strong-buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of Rio Tinto Group in a research report on Tuesday, March 18th. They issued an "overweight" rating on the stock. Morgan Stanley lowered shares of Rio Tinto Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, April 9th. Finally, DZ Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $73.00.

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.