Rio Tinto PLC (RIO) Holdings Raised by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in Rio Tinto PLC (NYSE:RIO) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,500 shares of the mining company’s stock after acquiring an additional 480 shares during the quarter. Private Advisor Group LLC’s holdings in Rio Tinto PLC were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RIO. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Rio Tinto PLC by 0.5% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 30,150 shares of the mining company’s stock worth $1,276,000 after purchasing an additional 150 shares during the period. Bollard Group LLC lifted its holdings in shares of Rio Tinto PLC by 3.0% during the second quarter. Bollard Group LLC now owns 7,196 shares of the mining company’s stock worth $304,000 after purchasing an additional 210 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Rio Tinto PLC by 2.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,821 shares of the mining company’s stock worth $500,000 after purchasing an additional 281 shares during the period. ProVise Management Group LLC lifted its holdings in shares of Rio Tinto PLC by 2.2% during the first quarter. ProVise Management Group LLC now owns 14,200 shares of the mining company’s stock worth $578,000 after purchasing an additional 300 shares during the period. Finally, Bourgeon Capital Management LLC lifted its holdings in shares of Rio Tinto PLC by 0.4% during the second quarter. Bourgeon Capital Management LLC now owns 71,925 shares of the mining company’s stock worth $3,043,000 after purchasing an additional 300 shares during the period. 6.88% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on RIO shares. Zacks Investment Research raised Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine downgraded Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation raised Rio Tinto PLC from an “underperform” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada downgraded Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a report on Tuesday, August 15th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $45.00 target price (down previously from $47.00) on shares of Rio Tinto PLC in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.50.

Shares of Rio Tinto PLC (RIO) opened at 47.97 on Friday. The stock has a 50 day moving average price of $47.10 and a 200-day moving average price of $42.60. Rio Tinto PLC has a 52-week low of $29.79 and a 52-week high of $49.89. The stock has a market capitalization of $86.01 billion, a PE ratio of 13.99 and a beta of 0.98.

The business also recently disclosed a None dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, August 9th.

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Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Institutional Ownership by Quarter for Rio Tinto PLC (NYSE:RIO)

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