Neuberger Berman Group LLC acquired a new position in shares of Rio Tinto plc (NYSE:RIO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,545,347 shares of the mining company’s stock, valued at approximately $62,865,000. Neuberger Berman Group LLC owned about 0.09% of Rio Tinto plc at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Nicholas Hoffman & Company LLC. increased its position in Rio Tinto plc by 0.3% in the first quarter. Nicholas Hoffman & Company LLC. now owns 8,310 shares of the mining company’s stock worth $338,000 after buying an additional 24 shares during the period. CWA Asset Management Group LLC increased its position in Rio Tinto plc by 0.3% in the fourth quarter. CWA Asset Management Group LLC now owns 7,795 shares of the mining company’s stock worth $300,000 after buying an additional 25 shares during the period. Neville Rodie & Shaw Inc. increased its position in Rio Tinto plc by 0.4% in the first quarter. Neville Rodie & Shaw Inc. now owns 24,000 shares of the mining company’s stock worth $976,000 after buying an additional 100 shares during the period. Wetherby Asset Management Inc. increased its position in Rio Tinto plc by 0.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 18,325 shares of the mining company’s stock worth $705,000 after buying an additional 144 shares during the period. Finally, Courier Capital LLC increased its position in Rio Tinto plc by 2.1% in the first quarter. Courier Capital LLC now owns 9,524 shares of the mining company’s stock worth $387,000 after buying an additional 200 shares during the period. 6.63% of the stock is currently owned by institutional investors.

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

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RIO has been the topic of a number of recent analyst reports. Citigroup Inc raised shares of Rio Tinto plc from a “neutral” rating to a “buy” rating in a research report on Thursday, April 20th. Zacks Investment Research downgraded shares of Rio Tinto plc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 9th. BNP Paribas raised shares of Rio Tinto plc from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 20th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rio Tinto plc in a research report on Thursday, February 9th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of Rio Tinto plc in a research report on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.86.

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.

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