Rio Tinto Group (NYSE:RIO) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Rio Tinto Group (NYSE:RIO) by 225.6% during the third quarter, HoldingsChannel reports. The fund owned 335,637 shares of the mining company’s stock after buying an additional 232,539 shares during the period. Barclays PLC’s holdings in Rio Tinto Group were worth $23,888,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Rio Tinto Group by 5.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 47,072 shares of the mining company’s stock valued at $3,103,000 after purchasing an additional 2,426 shares during the last quarter. Blue Trust Inc. boosted its stake in Rio Tinto Group by 66.3% during the second quarter. Blue Trust Inc. now owns 7,737 shares of the mining company’s stock worth $493,000 after buying an additional 3,084 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Rio Tinto Group by 15.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 70,177 shares of the mining company’s stock valued at $4,627,000 after acquiring an additional 9,520 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Rio Tinto Group during the 2nd quarter worth approximately $36,000. Finally, Eagle Bluffs Wealth Management LLC increased its holdings in Rio Tinto Group by 1.1% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 14,997 shares of the mining company’s stock valued at $989,000 after purchasing an additional 163 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Group Price Performance

NYSE:RIO opened at $62.21 on Friday. Rio Tinto Group has a 12-month low of $59.35 and a 12-month high of $75.09. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $64.30 and a 200 day moving average price of $64.97.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Rio Tinto Group

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.