Rio Tinto Group (NYSE:RIO) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC boosted its holdings in Rio Tinto Group (NYSE:RIO) by 117.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,850 shares of the mining company’s stock after acquiring an additional 1,000 shares during the period. FNY Investment Advisers LLC’s holdings in Rio Tinto Group were worth $108,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Bank of Montreal Can grew its stake in shares of Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock valued at $164,493,000 after buying an additional 1,738,752 shares in the last quarter. Philip James Wealth Mangement LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at about $1,345,000. Fisher Asset Management LLC grew its position in Rio Tinto Group by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after acquiring an additional 485,731 shares in the last quarter. Barclays PLC increased its stake in Rio Tinto Group by 225.6% during the third quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock worth $23,888,000 after purchasing an additional 232,539 shares during the period. Finally, Northwest Bancshares Inc. purchased a new stake in Rio Tinto Group during the third quarter worth about $1,440,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

RIO has been the subject of several recent research reports. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group Stock Performance

NYSE RIO opened at $60.41 on Wednesday. The company has a fifty day moving average of $61.30 and a two-hundred day moving average of $63.66. The company has a market capitalization of $75.69 billion, a PE ratio of 8.77, a P/E/G ratio of 0.38 and a beta of 0.66. Rio Tinto Group has a 1 year low of $57.85 and a 1 year high of $74.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

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.