XTX Topco Ltd Increases Stake in Rio Tinto PLC (NYSE:RIO)

XTX Topco Ltd lifted its holdings in Rio Tinto PLC (NYSE:RIO - Free Report) by 112.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,809 shares of the mining company's stock after purchasing an additional 23,712 shares during the quarter. XTX Topco Ltd's holdings in Rio Tinto were worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Analysts LLC increased 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 buying an additional 163 shares in the last quarter. Nemes Rush Group LLC grew its position in Rio Tinto by 10.0% in the fourth 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. Aspen Wealth Strategies LLC boosted its stake in Rio Tinto by 3.7% during the first quarter. Aspen Wealth Strategies LLC now owns 4,810 shares of the mining company's stock worth $289,000 after buying an additional 172 shares during the period. Hamilton Point Investment Advisors LLC lifted its stake in Rio Tinto by 0.4% in the first quarter. Hamilton Point Investment Advisors LLC now owns 44,385 shares of the mining company's stock worth $2,767,000 after purchasing an additional 194 shares during the last quarter. Finally, Walker Asset Management LLC grew its holdings in shares of Rio Tinto by 4.8% in the first quarter. Walker Asset Management LLC now owns 4,326 shares of the mining company's stock worth $260,000 after purchasing an additional 200 shares during the last quarter. 19.33% of the stock is owned by institutional investors.

Rio Tinto Trading Down 0.3%

Shares of RIO traded down $0.15 during midday trading on Friday, hitting $59.62. 2,712,907 shares of the stock were exchanged, compared to its average volume of 3,391,176. Rio Tinto PLC has a 52-week low of $51.67 and a 52-week high of $72.08. 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 fifty day simple moving average of $59.56 and a 200 day simple moving average of $60.31. The firm has a market cap of $74.77 billion, a P/E ratio of 9.24 and a beta of 0.66.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RIO shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Rio Tinto in a research note on Monday, July 14th. Berenberg Bank reiterated a "hold" rating on shares of Rio Tinto in a report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft downgraded Rio Tinto from a "buy" rating to a "hold" rating in a report on Wednesday. Jefferies Financial Group reiterated a "hold" rating on shares of Rio Tinto in a research report on Tuesday, June 3rd. Finally, Barclays reissued an "overweight" rating on shares of Rio Tinto in a report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.