Rio Tinto plc ADR (RIO) Stake Lowered by Capital Fund Management S.A.

Capital Fund Management S.A. decreased its holdings in shares of Rio Tinto plc ADR (NYSE:RIO) by 66.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,935 shares of the mining company’s stock after selling 291,366 shares during the quarter. Capital Fund Management S.A.’s holdings in Rio Tinto were worth $7,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Rio Tinto by 32.4% during the third quarter. Franklin Resources Inc. now owns 13,675,628 shares of the mining company’s stock worth $697,731,000 after purchasing an additional 3,350,335 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Rio Tinto by 125.9% during the third quarter. Fisher Asset Management LLC now owns 9,275,526 shares of the mining company’s stock worth $473,237,000 after purchasing an additional 5,169,326 shares in the last quarter. Boston Partners grew its holdings in shares of Rio Tinto by 2,390.4% during the second quarter. Boston Partners now owns 3,204,017 shares of the mining company’s stock worth $177,759,000 after purchasing an additional 3,075,360 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Rio Tinto by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,772,114 shares of the mining company’s stock worth $141,433,000 after purchasing an additional 243,008 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Rio Tinto by 4.3% during the second quarter. Northern Trust Corp now owns 1,233,665 shares of the mining company’s stock worth $68,444,000 after purchasing an additional 51,297 shares in the last quarter. 7.45% of the stock is owned by institutional investors.

RIO has been the subject of several recent analyst reports. Royal Bank of Canada lowered Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, July 25th. Jefferies Financial Group set a $67.00 price objective on Rio Tinto and gave the stock a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered Rio Tinto from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 7th. Liberum Capital raised Rio Tinto from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, ValuEngine lowered Rio Tinto from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $58.80.

Shares of RIO opened at $50.93 on Friday. The company has a market capitalization of $66.26 billion, a price-to-earnings ratio of 10.63 and a beta of 1.01. The company has a quick ratio of 1.41, a current ratio of 1.77 and a debt-to-equity ratio of 0.27. Rio Tinto plc ADR has a 1 year low of $45.62 and a 1 year high of $60.72.

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Rio Tinto Company Profile

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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

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