Nwam LLC decreased its position in shares of Rio Tinto plc ADR (NYSE:RIO) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,650 shares of the mining company’s stock after selling 500 shares during the quarter. Nwam LLC’s holdings in Rio Tinto were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of RIO. Marshall Wace North America L.P. purchased a new stake in shares of Rio Tinto during the first quarter valued at approximately $28,033,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Rio Tinto during the first quarter valued at approximately $27,273,000. Neuberger Berman Group LLC grew its holdings in shares of Rio Tinto by 17.7% during the first quarter. Neuberger Berman Group LLC now owns 1,804,181 shares of the mining company’s stock valued at $106,176,000 after buying an additional 271,226 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Rio Tinto by 20.9% during the first quarter. Menora Mivtachim Holdings LTD. now owns 1,512,158 shares of the mining company’s stock valued at $88,990,000 after buying an additional 261,240 shares during the last quarter. Finally, Greystone Managed Investments Inc. grew its holdings in shares of Rio Tinto by 47.8% during the first quarter. Greystone Managed Investments Inc. now owns 698,156 shares of the mining company’s stock valued at $41,086,000 after buying an additional 225,675 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

RIO stock traded down $0.01 on Tuesday, hitting $57.80. The company had a trading volume of 38,337 shares, compared to its average volume of 2,037,267. Rio Tinto plc ADR has a 12-month low of $44.62 and a 12-month high of $64.02. The company has a current ratio of 1.98, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $60.61. The company has a market capitalization of $73.53 billion, a PE ratio of 11.37 and a beta of 0.81.

A number of equities research analysts have recently commented on RIO shares. BMO Capital Markets started coverage on shares of Encompass Health in a report on Thursday, June 27th. They set an “outperform” rating and a $72.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Chegg from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday. Vertical Group upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Thursday, April 4th. Vertical Research upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, ValuEngine cut shares of Welbilt from a “hold” rating to a “sell” rating in a report on Friday. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.58.

Rio Tinto Company Profile

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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