AE Wealth Management LLC raised its holdings in Rio Tinto plc ADR (NYSE:RIO) by 37.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,416 shares of the mining company’s stock after buying an additional 12,905 shares during the period. AE Wealth Management LLC’s holdings in Rio Tinto were worth $2,470,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in RIO. Marshall Wace LLP bought a new position in Rio Tinto during the first quarter worth about $393,000. FMR LLC lifted its stake in Rio Tinto by 0.4% during the first quarter. FMR LLC now owns 291,222 shares of the mining company’s stock worth $17,138,000 after purchasing an additional 1,027 shares during the period. First Trust Advisors LP lifted its stake in Rio Tinto by 3.5% during the first quarter. First Trust Advisors LP now owns 86,103 shares of the mining company’s stock worth $5,067,000 after purchasing an additional 2,938 shares during the period. Park National Corp OH lifted its stake in Rio Tinto by 99.8% during the second quarter. Park National Corp OH now owns 70,339 shares of the mining company’s stock worth $4,385,000 after purchasing an additional 35,138 shares during the period. Finally, Dorsey Wright & Associates bought a new position in Rio Tinto during the second quarter worth about $3,801,000. 8.23% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:RIO opened at $52.18 on Thursday. Rio Tinto plc ADR has a 1 year low of $44.62 and a 1 year high of $64.02. The firm has a 50 day moving average of $52.17 and a 200-day moving average of $55.54. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $68.10 billion, a P/E ratio of 10.29 and a beta of 0.87.
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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