8,019 Shares in Rio Tinto PLC $RIO Acquired by Fund Advisors of America Inc FL

Fund Advisors of America Inc FL bought a new position in Rio Tinto PLC (NYSE:RIO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,019 shares of the mining company’s stock, valued at approximately $642,000.

Several other institutional investors also recently bought and sold shares of RIO. World Investment Advisors grew its position in shares of Rio Tinto by 104.8% in the fourth quarter. World Investment Advisors now owns 15,075 shares of the mining company’s stock valued at $1,207,000 after purchasing an additional 7,714 shares during the period. Auto Owners Insurance Co increased its stake in Rio Tinto by 7,903.0% in the fourth quarter. Auto Owners Insurance Co now owns 768,288 shares of the mining company’s stock valued at $61,486,000 after purchasing an additional 758,688 shares during the last quarter. Hsbc Holdings PLC lifted its position in Rio Tinto by 160.5% during the fourth quarter. Hsbc Holdings PLC now owns 25,929 shares of the mining company’s stock worth $2,075,000 after buying an additional 68,755 shares during the period. Pure Financial Advisors LLC lifted its position in Rio Tinto by 24.6% during the fourth quarter. Pure Financial Advisors LLC now owns 5,344 shares of the mining company’s stock worth $428,000 after buying an additional 1,056 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new stake in Rio Tinto in the 4th quarter worth about $368,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Price Performance

Shares of Rio Tinto stock opened at $100.22 on Friday. The company has a fifty day moving average price of $102.95 and a 200 day moving average price of $93.10. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a twelve month low of $55.64 and a twelve month high of $112.58.

Wall Street Analyst Weigh In

RIO has been the subject of several recent analyst reports. Bank of America cut Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. Zacks Research downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rio Tinto has a consensus rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Company Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.