Marshall Wace North America L.P. Acquires 104,978 Shares of Rio Tinto plc ADR (NYSE:RIO)

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Marshall Wace North America L.P. increased its holdings in shares of Rio Tinto plc ADR (NYSE:RIO) by 22.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 581,323 shares of the mining company’s stock after acquiring an additional 104,978 shares during the quarter. Marshall Wace North America L.P.’s holdings in Rio Tinto were worth $36,239,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in Rio Tinto by 4.7% during the second quarter. Fisher Asset Management LLC now owns 10,567,108 shares of the mining company’s stock worth $658,754,000 after acquiring an additional 470,757 shares during the period. Neuberger Berman Group LLC lifted its holdings in Rio Tinto by 17.7% during the first quarter. Neuberger Berman Group LLC now owns 1,804,181 shares of the mining company’s stock worth $106,176,000 after acquiring an additional 271,226 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in Rio Tinto by 20.9% during the first quarter. Menora Mivtachim Holdings LTD. now owns 1,512,158 shares of the mining company’s stock worth $88,990,000 after acquiring an additional 261,240 shares during the period. Northern Trust Corp lifted its holdings in Rio Tinto by 10.4% during the second quarter. Northern Trust Corp now owns 1,382,151 shares of the mining company’s stock worth $86,163,000 after acquiring an additional 129,673 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in Rio Tinto by 8.9% in the second quarter. Parametric Portfolio Associates LLC now owns 1,249,054 shares of the mining company’s stock worth $77,866,000 after buying an additional 102,094 shares during the last quarter. Institutional investors and hedge funds own 8.15% of the company’s stock.

RIO has been the subject of a number of recent research reports. Liberum Capital downgraded Rio Tinto from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Barclays downgraded Rio Tinto from an “equal weight” rating to an “underweight” rating in a research report on Thursday, June 6th. BMO Capital Markets raised Rio Tinto from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. ValuEngine downgraded Rio Tinto from a “sell” rating to a “strong sell” rating in a research report on Friday, August 2nd. Finally, Exane BNP Paribas raised Rio Tinto from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 5th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.77.

Shares of NYSE RIO traded down $0.15 during mid-day trading on Thursday, hitting $52.90. The company had a trading volume of 101,047 shares, compared to its average volume of 2,001,376. The company has a market capitalization of $68.24 billion, a price-to-earnings ratio of 10.43 and a beta of 0.88. Rio Tinto plc ADR has a 1 year low of $44.62 and a 1 year high of $64.02. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $51.13 and its 200-day moving average price is $57.34.

Rio Tinto Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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

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