Optas LLC boosted its position in Rio Tinto Group (NYSE:RIO – Free Report) by 4.2% in the first quarter, Holdings Channel.com reports. The firm owned 3,833 shares of the mining company’s stock after buying an additional 154 shares during the quarter. Optas LLC’s holdings in Rio Tinto Group were worth $244,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RIO. FMR LLC grew its holdings in Rio Tinto Group by 12.6% in the third quarter. FMR LLC now owns 381,989 shares of the mining company’s stock worth $24,310,000 after purchasing an additional 42,684 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Rio Tinto Group by 160.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 581,714 shares of the mining company’s stock worth $37,020,000 after buying an additional 358,121 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $220,000. Schonfeld Strategic Advisors LLC purchased a new position in Rio Tinto Group during the third quarter valued at $1,865,000. Finally, Perritt Capital Management Inc. bought a new stake in Rio Tinto Group in the third quarter worth $412,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.
Rio Tinto Group Stock Up 0.2 %
Shares of RIO traded up $0.11 during mid-day trading on Friday, hitting $65.93. 1,756,282 shares of the company traded hands, compared to its average volume of 1,734,680. Rio Tinto Group has a 1 year low of $58.27 and a 1 year high of $75.09. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $68.81 and a two-hundred day moving average price of $68.11.
Analyst Ratings Changes
Get Our Latest Stock Analysis on RIO
Rio Tinto Group Company Profile
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.
Recommended Stories
- Five stocks we like better than Rio Tinto Group
- NYSE Stocks Give Investors a Variety of Quality Options
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- 3 Grocery Stocks That Are Proving They Are Still Essential
- MarketBeat Week in Review – 6/24 – 6/28
Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto Group (NYSE:RIO – Free Report).
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.