AT Bancorp decreased its stake in Rio Tinto PLC (NYSE:RIO) by 63.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,285 shares of the mining company’s stock after selling 7,318 shares during the period. AT Bancorp’s holdings in Rio Tinto PLC were worth $182,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Sigma Planning Corp raised its stake in shares of Rio Tinto PLC by 9.1% in the first quarter. Sigma Planning Corp now owns 6,925 shares of the mining company’s stock valued at $282,000 after buying an additional 575 shares during the last quarter. Naples Global Advisors LLC bought a new stake in shares of Rio Tinto PLC during the first quarter valued at about $1,039,000. Huntington National Bank raised its stake in shares of Rio Tinto PLC by 167.1% in the first quarter. Huntington National Bank now owns 3,707 shares of the mining company’s stock valued at $151,000 after buying an additional 2,319 shares during the last quarter. Anderson Hoagland & Co. bought a new stake in shares of Rio Tinto PLC during the first quarter valued at about $742,000. Finally, Courier Capital LLC raised its stake in shares of Rio Tinto PLC by 2.1% in the first quarter. Courier Capital LLC now owns 9,524 shares of the mining company’s stock valued at $387,000 after buying an additional 200 shares during the last quarter. Institutional investors own 7.15% of the company’s stock.
Rio Tinto PLC (NYSE:RIO) opened at 46.16 on Thursday. The company has a market capitalization of $82.91 billion, a P/E ratio of 13.46 and a beta of 0.98. Rio Tinto PLC has a one year low of $29.62 and a one year high of $48.03. The firm has a 50-day moving average of $44.17 and a 200 day moving average of $42.10.
The company also recently disclosed a None dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, August 11th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, August 9th.
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Several equities research analysts have recently issued reports on the stock. Clarkson Capital restated a “buy” rating on shares of Rio Tinto PLC in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 5th. Cowen and Company set a $47.00 price objective on shares of Rio Tinto PLC and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Axiom Securities reaffirmed a “sell” rating on shares of Rio Tinto PLC in a report on Tuesday, July 25th. Finally, BidaskClub raised shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.80.
About Rio Tinto PLC
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.
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