Published on 28 Sep 2020 on Insider Monkey via Yahoo Finance

Is Rio Tinto Group (RIO) Stock A Buy?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of Rio Tinto Group (NYSE:RIO) based on that data and determine whether they were really smart about the stock.

Hedge fund interest in Rio Tinto Group (NYSE:RIO) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that RIO isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as Crown Castle International Corp. (REIT) (NYSE:CCI), Cigna Corporation (NYSE:CI), and Prologis Inc (NYSE:PLD) to gather more data points. Our calculations also showed that RIO isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks).