Rio Tinto PLC (NYSE:RIO) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,802 shares of the mining company's stock after buying an additional 4,881 shares during the quarter. Private Advisor Group LLC's holdings in Rio Tinto were worth $2,512,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RIO. Deutsche Bank AG increased its holdings in 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 last quarter. Dynamo Internacional Gestao DE Recursos LTDA. increased its holdings 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 purchasing an additional 807,610 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Rio Tinto during the 4th quarter worth approximately $40,032,000. Raymond James Financial Inc. purchased a new stake in Rio Tinto during the 4th quarter worth approximately $29,606,000. Finally, Ameriprise Financial Inc. increased its holdings in Rio Tinto by 169.4% during the 4th quarter. Ameriprise Financial Inc. now owns 619,494 shares of the mining company's stock worth $36,428,000 after purchasing an additional 389,531 shares during the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Rio Tinto Stock Performance

Shares of RIO traded down $0.72 during mid-day trading on Friday, hitting $63.11. The stock had a trading volume of 2,954,203 shares, compared to its average volume of 3,859,372. The company has a market cap of $79.14 billion, a PE ratio of 9.78 and a beta of 0.66. The company's fifty day simple moving average is $59.63 and its two-hundred day simple moving average is $60.27. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. Rio Tinto PLC has a fifty-two week low of $51.67 and a fifty-two 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.