Public Employees Retirement System of Ohio Invests $7.28 Million in Rio Tinto plc (RIO)

Public Employees Retirement System of Ohio purchased a new position in Rio Tinto plc (NYSE:RIO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 154,175 shares of the mining company’s stock, valued at approximately $7,276,000.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its position in Rio Tinto by 13.8% during the first quarter. Geode Capital Management LLC now owns 25,180 shares of the mining company’s stock valued at $1,024,000 after acquiring an additional 3,061 shares during the last quarter. First Trust Advisors LP increased its position in Rio Tinto by 46.4% during the second quarter. First Trust Advisors LP now owns 21,647 shares of the mining company’s stock valued at $916,000 after acquiring an additional 6,857 shares during the last quarter. Bank of New York Mellon Corp increased its position in Rio Tinto by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 94,055 shares of the mining company’s stock valued at $3,980,000 after acquiring an additional 2,637 shares during the last quarter. Marshall Wace North America L.P. increased its position in Rio Tinto by 261.4% during the second quarter. Marshall Wace North America L.P. now owns 222,978 shares of the mining company’s stock valued at $9,366,000 after acquiring an additional 161,287 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in Rio Tinto during the second quarter valued at $517,000. Hedge funds and other institutional investors own 7.19% of the company’s stock.

Shares of Rio Tinto plc (NYSE RIO) opened at $51.09 on Friday. Rio Tinto plc has a fifty-two week low of $37.66 and a fifty-two week high of $51.46. The company has a quick ratio of 1.34, a current ratio of 1.71 and a debt-to-equity ratio of 0.31.

A number of analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Rio Tinto in a research report on Thursday, September 28th. Canaccord Genuity cut Rio Tinto from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen set a $47.00 price target on Rio Tinto and gave the company a “hold” rating in a report on Monday, October 16th. Zacks Investment Research lowered Rio Tinto from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, J P Morgan Chase & Co lowered Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.59.

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

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