Rio Tinto PLC (NYSE:RIO) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its holdings in Rio Tinto PLC (NYSE:RIO - Free Report) by 66.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,709 shares of the mining company's stock after selling 7,235 shares during the quarter. Insigneo Advisory Services LLC's holdings in Rio Tinto were worth $223,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of Rio Tinto during the 4th quarter worth about $1,241,000. Rossby Financial LCC acquired a new position in Rio Tinto in the fourth quarter valued at about $360,000. Schroder Investment Management Group boosted its stake in Rio Tinto by 3.2% during the fourth quarter. Schroder Investment Management Group now owns 32,258 shares of the mining company's stock worth $1,890,000 after buying an additional 1,009 shares during the period. Norges Bank purchased a new position in Rio Tinto during the fourth quarter worth about $432,000. Finally, Farther Finance Advisors LLC increased its position in shares of Rio Tinto by 24.2% during the first quarter. Farther Finance Advisors LLC now owns 4,023 shares of the mining company's stock valued at $242,000 after acquiring an additional 785 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company's stock.

Rio Tinto Price Performance

Rio Tinto stock opened at $56.92 on Friday. 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 52-week low of $51.67 and a 52-week high of $72.08. The firm has a market cap of $71.38 billion, a PE ratio of 8.83 and a beta of 0.68. The company's 50 day moving average is $59.68 and its two-hundred day moving average is $60.44.

Analysts Set New Price Targets

RIO has been the topic of several recent analyst reports. DZ Bank upgraded shares of Rio Tinto from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. started coverage on Rio Tinto in a research report on Tuesday, March 18th. They issued an "overweight" rating on the stock. Wall Street Zen cut Rio Tinto from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 28th. Clarkson Capital raised Rio Tinto to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Barclays reiterated an "overweight" rating on shares of Rio Tinto in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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