Capital Advisors Inc. OK Buys 15,264 Shares of Rio Tinto PLC (NYSE:RIO)

Capital Advisors Inc. OK raised its position in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,301 shares of the mining company's stock after purchasing an additional 15,264 shares during the period. Capital Advisors Inc. OK's holdings in Rio Tinto were worth $25,552,000 as of its most recent SEC filing.

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

Rio Tinto Stock Performance

RIO traded down $1.30 during trading on Monday, reaching $57.72. 4,489,600 shares of the company's stock were exchanged, compared to its average volume of 3,056,932. The company has a market capitalization of $72.38 billion, a P/E ratio of 8.95 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $59.56 and a 200 day moving average price of $60.06. Rio Tinto PLC has a fifty-two week low of $51.67 and a fifty-two week high of $72.08.

Analysts Set New Price Targets

RIO has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "hold" rating on shares of Rio Tinto in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. started coverage on Rio Tinto in a research note on Tuesday, March 18th. They issued an "overweight" rating on the stock. Morgan Stanley downgraded Rio Tinto from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, April 9th. Berenberg Bank reiterated a "hold" rating on shares of Rio Tinto in a report on Thursday. Finally, DZ Bank raised Rio Tinto from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Rio Tinto has an average rating of "Moderate Buy" and an average price target of $73.00.

Rio Tinto 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.