HPM Partners LLC Grows Stake in Rio Tinto PLC (RIO)

HPM Partners LLC grew its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,211 shares of the mining company’s stock after purchasing an additional 132 shares during the quarter. HPM Partners LLC’s holdings in Rio Tinto PLC were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RIO. Knowledge Leaders Capital LLC increased its position in shares of Rio Tinto PLC by 126.0% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock valued at $101,000 after purchasing an additional 1,334 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Rio Tinto PLC during the 1st quarter valued at about $111,000. Hudock Capital Group LLC increased its position in shares of Rio Tinto PLC by 125.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock valued at $118,000 after purchasing an additional 1,555 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Rio Tinto PLC in the 4th quarter worth approximately $119,000. Finally, Huntington National Bank increased its holdings in Rio Tinto PLC by 9.0% in the 2nd quarter. Huntington National Bank now owns 4,039 shares of the mining company’s stock worth $171,000 after acquiring an additional 332 shares in the last quarter. 6.88% of the stock is owned by hedge funds and other institutional investors.

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RIO has been the subject of several analyst reports. Zacks Investment Research raised shares of Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine lowered shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation raised shares of Rio Tinto PLC from an “underperform” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada lowered shares of Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a report on Tuesday, August 15th. Finally, Cowen and Company reissued a “market perform” rating and issued a $45.00 target price (down from $47.00) on shares of Rio Tinto PLC in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.50.

Rio Tinto PLC (RIO) opened at 48.27 on Monday. The company has a market capitalization of $86.54 billion, a P/E ratio of 14.07 and a beta of 0.98. The firm has a 50-day moving average price of $46.65 and a 200 day moving average price of $42.45. Rio Tinto PLC has a 1-year low of $29.62 and a 1-year high of $49.79.

The firm also recently disclosed a None dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, August 11th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 9th.

Rio Tinto PLC Company Profile

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.

Institutional Ownership by Quarter for Rio Tinto PLC (NYSE:RIO)

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