Parametric Portfolio Associates LLC grew its position in shares of Rio Tinto plc ADR (NYSE:RIO) by 8.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,249,054 shares of the mining company’s stock after buying an additional 102,094 shares during the quarter. Parametric Portfolio Associates LLC owned 0.10% of Rio Tinto worth $77,866,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in RIO. Personal Wealth Partners purchased a new position in Rio Tinto during the 2nd quarter worth $25,000. Liberty Wealth Management LLC raised its position in Rio Tinto by 238.6% during the 2nd quarter. Liberty Wealth Management LLC now owns 491 shares of the mining company’s stock worth $31,000 after buying an additional 346 shares during the last quarter. Arrow Financial Corp purchased a new position in Rio Tinto during the 2nd quarter worth $34,000. FinTrust Capital Advisors LLC raised its position in Rio Tinto by 234.1% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 568 shares of the mining company’s stock worth $35,000 after buying an additional 398 shares during the last quarter. Finally, Manchester Financial Inc. purchased a new position in Rio Tinto during the 2nd quarter worth $41,000. Institutional investors own 8.21% of the company’s stock.

A number of brokerages have commented on RIO. Credit Suisse Group downgraded shares of Rio Tinto from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 24th. Jefferies Financial Group downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Liberum Capital downgraded shares of Rio Tinto from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Societe Generale upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, Renaissance Capital downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.77.

NYSE RIO traded up $1.28 during trading hours on Friday, reaching $54.97. The company’s stock had a trading volume of 186,516 shares, compared to its average volume of 1,949,873. The stock has a market cap of $70.12 billion, a PE ratio of 10.84 and a beta of 0.88. Rio Tinto plc ADR has a fifty-two week low of $44.62 and a fifty-two week high of $64.02. The company’s 50-day moving average is $51.53 and its two-hundred day moving average is $57.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.22 and a current ratio of 1.55.

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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

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