Jackson Hole Capital Partners LLC Purchases 4,540 Shares of Rio Tinto PLC (NYSE:RIO)

Jackson Hole Capital Partners LLC boosted its stake in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 80.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,170 shares of the mining company's stock after buying an additional 4,540 shares during the quarter. Jackson Hole Capital Partners LLC's holdings in Rio Tinto were worth $611,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Auto Owners Insurance Co grew its position in Rio Tinto by 77,150.0% during the first quarter. Auto Owners Insurance Co now owns 7,416,000 shares of the mining company's stock valued at $445,553,000 after buying an additional 7,406,400 shares during the period. Franklin Resources Inc. boosted its position in Rio Tinto by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 5,115,476 shares of the mining company's stock worth $300,841,000 after purchasing an additional 70,131 shares during the period. FMR LLC boosted its position in Rio Tinto by 24.6% during the fourth quarter. FMR LLC now owns 1,721,690 shares of the mining company's stock worth $101,253,000 after purchasing an additional 339,924 shares during the period. Northern Trust Corp boosted its position in Rio Tinto by 18.9% during the fourth quarter. Northern Trust Corp now owns 1,603,037 shares of the mining company's stock worth $94,275,000 after purchasing an additional 255,151 shares during the period. Finally, Deutsche Bank AG boosted its position in Rio Tinto by 143,872.8% during the fourth 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. Institutional investors own 19.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RIO. Barclays reaffirmed an "overweight" rating on shares of Rio Tinto in a report on Wednesday, July 2nd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Rio Tinto in a report on Tuesday, June 3rd. Morgan Stanley reissued an "overweight" rating on shares of Rio Tinto in a report on Monday, July 14th. Berenberg Bank reaffirmed a "hold" rating on shares of Rio Tinto in a research note on Thursday, July 3rd. Finally, Wall Street Zen cut shares of Rio Tinto from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

Rio Tinto Price Performance

RIO traded down $0.72 on Friday, reaching $63.11. The company had a trading volume of 2,954,203 shares, compared to its average volume of 3,859,372. The business has a 50 day simple moving average of $59.63 and a 200 day simple moving average of $60.25. The company has a market cap of $79.14 billion, a price-to-earnings ratio of 9.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.63. Rio Tinto PLC has a 52-week low of $51.67 and a 52-week high of $72.08.

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.