Delphi Management Inc. MA bought a new position in shares of Rio Tinto plc (NYSE:RIO) in the fourth quarter, Holdings Channel reports. The firm bought 5,400 shares of the mining company’s stock, valued at approximately $286,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its position in Rio Tinto by 18.8% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,500 shares of the mining company’s stock worth $402,000 after acquiring an additional 1,503 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Rio Tinto by 124.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,092,553 shares of the mining company’s stock worth $51,543,000 after acquiring an additional 605,170 shares during the last quarter. Private Advisor Group LLC lifted its position in Rio Tinto by 23.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,436 shares of the mining company’s stock worth $740,000 after acquiring an additional 2,936 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in Rio Tinto during the 3rd quarter worth $288,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Rio Tinto by 9.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,877 shares of the mining company’s stock worth $2,212,000 after acquiring an additional 3,910 shares during the last quarter. 7.24% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. Citigroup reaffirmed a “buy” rating on shares of Rio Tinto in a research report on Tuesday, December 5th. HSBC lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada lowered shares of Rio Tinto from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $47.87 to $48.37 in a research report on Monday, October 23rd. Finally, Cowen set a $47.00 price objective on shares of Rio Tinto and gave the company a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $55.09.

Rio Tinto plc (RIO) opened at $54.33 on Friday. The company has a market cap of $96,590.00, a PE ratio of 15.84 and a beta of 1.09. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. Rio Tinto plc has a 52-week low of $37.66 and a 52-week high of $57.78.

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

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