Hudson Value Partners LLC Acquires New Position in Rio Tinto PLC (NYSE:RIO)

Hudson Value Partners LLC purchased a new position in shares of Rio Tinto PLC (NYSE:RIO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,884 shares of the mining company's stock, valued at approximately $1,255,000.

A number of other hedge funds also recently made changes to their positions in the stock. Deutsche Bank AG grew its holdings in shares of Rio Tinto by 143,872.8% during the 4th quarter. Deutsche Bank AG now owns 1,264,081 shares of the mining company's stock worth $74,341,000 after purchasing an additional 1,263,203 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in Rio Tinto by 119.2% during the 4th quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 129,804 shares of the mining company's stock worth $2,423,000 after acquiring an additional 807,610 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Rio Tinto in the fourth quarter valued at $40,032,000. Raymond James Financial Inc. acquired a new position in Rio Tinto in the 4th quarter worth $29,606,000. Finally, Ameriprise Financial Inc. boosted its position in Rio Tinto by 169.4% in the 4th quarter. Ameriprise Financial Inc. now owns 619,494 shares of the mining company's stock valued at $36,428,000 after buying an additional 389,531 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company's stock.

Rio Tinto Stock Performance

Shares of NYSE RIO traded up $0.12 during trading on Tuesday, reaching $57.21. The stock had a trading volume of 3,412,176 shares, compared to its average volume of 2,973,132. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.63. The stock has a market cap of $71.74 billion, a PE ratio of 8.87 and a beta of 0.68. Rio Tinto PLC has a one year low of $51.67 and a one year high of $72.08. The firm's 50 day moving average price is $59.66 and its two-hundred day moving average price is $60.29.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DZ Bank raised Rio Tinto from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Clarkson Capital upgraded Rio Tinto to a "strong-buy" rating in a report on Friday, February 28th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Rio Tinto in a research report on Tuesday, June 3rd. Wall Street Zen downgraded shares of Rio Tinto from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th. Finally, Barclays restated an "overweight" rating on shares of Rio Tinto in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $73.00.

Rio Tinto 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.