HighTower Advisors LLC raised its stake in shares of Rio Tinto PLC (NYSE:RIO) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,611 shares of the mining company’s stock after acquiring an additional 2,406 shares during the period. HighTower Advisors LLC’s holdings in Rio Tinto PLC were worth $1,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stifel Financial Corp raised its stake in Rio Tinto PLC by 9.2% during the 2nd quarter. Stifel Financial Corp now owns 237,864 shares of the mining company’s stock valued at $10,078,000 after acquiring an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Rio Tinto PLC by 34.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,149,655 shares of the mining company’s stock valued at $90,952,000 after acquiring an additional 554,656 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Rio Tinto PLC by 1.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 717,000 shares of the mining company’s stock valued at $30,337,000 after acquiring an additional 9,700 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Rio Tinto PLC by 12.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 872,174 shares of the mining company’s stock valued at $36,902,000 after acquiring an additional 95,965 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Rio Tinto PLC by 4.7% during the 2nd quarter. Advisor Group Inc. now owns 11,541 shares of the mining company’s stock valued at $484,000 after acquiring an additional 518 shares during the last quarter. 6.87% of the stock is owned by hedge funds and other institutional investors.

RIO has been the subject of several analyst reports. Zacks Investment Research raised Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 5th. ValuEngine downgraded Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation raised Rio Tinto PLC from an “underperform” rating to a “buy” rating in a research note on Friday, June 30th. Royal Bank Of Canada downgraded Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a research note on Tuesday, August 15th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $45.00 price objective (down from $47.00) on shares of Rio Tinto PLC in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.50.

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Shares of Rio Tinto PLC (NYSE RIO) opened at 49.08 on Monday. Rio Tinto PLC has a 12-month low of $31.24 and a 12-month high of $49.89. The firm has a market cap of $88.00 billion, a PE ratio of 14.31 and a beta of 0.96. The company has a 50 day moving average price of $47.94 and a 200-day moving average price of $43.33. Rio Tinto PLC also was the recipient of unusually large options trading on Friday. Investors bought 14,475 put options on the stock. This is an increase of approximately 853% compared to the average volume of 1,519 put options.

The company also recently announced a None dividend, which was paid on Thursday, September 21st. Investors of record on Friday, August 11th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, August 9th.

About Rio Tinto PLC

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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