MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 130,383 Shares of Rio Tinto PLC (NYSE:RIO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,311 shares of the mining company's stock after selling 130,383 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Rio Tinto were worth $35,526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RIO. Dorsey & Whitney Trust CO LLC raised its stake in shares of Rio Tinto by 2.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 8,113 shares of the mining company's stock worth $477,000 after buying an additional 160 shares in the last quarter. Capital Analysts LLC raised its position in Rio Tinto by 6.0% in the fourth quarter. Capital Analysts LLC now owns 2,886 shares of the mining company's stock worth $170,000 after acquiring an additional 163 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in Rio Tinto by 10.0% in the 4th quarter. Nemes Rush Group LLC now owns 1,855 shares of the mining company's stock valued at $109,000 after acquiring an additional 169 shares during the last quarter. Walker Asset Management LLC boosted its position in shares of Rio Tinto by 4.8% during the 1st quarter. Walker Asset Management LLC now owns 4,326 shares of the mining company's stock valued at $260,000 after purchasing an additional 200 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Rio Tinto by 10.0% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 2,200 shares of the mining company's stock worth $132,000 after purchasing an additional 200 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Stock Down 0.2%

Rio Tinto stock traded down $0.09 during mid-day trading on Wednesday, hitting $56.92. The company's stock had a trading volume of 2,137,693 shares, compared to its average volume of 2,945,450. Rio Tinto PLC has a 52-week low of $51.67 and a 52-week high of $72.08. The company has a market cap of $71.38 billion, a PE ratio of 8.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.13. The firm's 50 day moving average is $59.61 and its 200 day moving average is $60.51.

Wall Street Analyst Weigh In

Several analysts recently commented on RIO shares. JPMorgan Chase & Co. started coverage on shares of Rio Tinto in a research note on Tuesday, March 18th. They set an "overweight" rating for the company. Wall Street Zen downgraded Rio Tinto from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th. Clarkson Capital upgraded Rio Tinto to a "strong-buy" rating in a report on Friday, February 28th. DZ Bank raised Rio Tinto from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Rio Tinto in a research note on Tuesday, June 3rd. Four investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

About Rio Tinto

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.