Rio Tinto plc (RIO) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP reduced its stake in Rio Tinto plc (NYSE:RIO) by 56.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,187 shares of the mining company’s stock after selling 14,292 shares during the period. Stevens Capital Management LP’s holdings in Rio Tinto plc were worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Neuberger Berman Group LLC grew its stake in Rio Tinto plc by 49.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,316,097 shares of the mining company’s stock worth $97,994,000 after acquiring an additional 770,750 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Rio Tinto plc by 34.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,149,655 shares of the mining company’s stock worth $90,952,000 after purchasing an additional 554,656 shares during the period. Jennison Associates LLC lifted its position in shares of Rio Tinto plc by 53.4% in the 2nd quarter. Jennison Associates LLC now owns 1,576,255 shares of the mining company’s stock worth $66,691,000 after purchasing an additional 548,476 shares during the period. Northern Trust Corp lifted its position in shares of Rio Tinto plc by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,166,895 shares of the mining company’s stock worth $49,372,000 after purchasing an additional 9,809 shares during the period. Finally, Todd Asset Management LLC lifted its position in shares of Rio Tinto plc by 2.7% in the 2nd quarter. Todd Asset Management LLC now owns 1,120,708 shares of the mining company’s stock worth $47,417,000 after purchasing an additional 29,807 shares during the period. Institutional investors and hedge funds own 7.02% of the company’s stock.

Rio Tinto plc (RIO) opened at $47.59 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.71. Rio Tinto plc has a 52 week low of $36.25 and a 52 week high of $50.77.

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A number of equities research analysts recently commented on the stock. Royal Bank Of Canada cut shares of Rio Tinto plc from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $47.87 to $48.37 in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Rio Tinto plc from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co cut shares of Rio Tinto plc from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. ValuEngine cut shares of Rio Tinto plc from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Citigroup Inc. cut shares of Rio Tinto plc from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Rio Tinto plc presently has a consensus rating of “Buy” and a consensus target price of $50.07.

Rio Tinto plc 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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