Rio Tinto plc ADR (NYSE:RIO) Shares Sold by Earnest Partners LLC

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Earnest Partners LLC cut its stake in shares of Rio Tinto plc ADR (NYSE:RIO) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,201,477 shares of the mining company’s stock after selling 27,474 shares during the period. Rio Tinto makes up approximately 1.2% of Earnest Partners LLC’s holdings, making the stock its 13th largest holding. Earnest Partners LLC owned about 0.17% of Rio Tinto worth $137,240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RIO. Personal Wealth Partners acquired a new position in Rio Tinto during the 2nd quarter worth approximately $25,000. Liberty Wealth Management LLC increased its holdings in Rio Tinto by 238.6% during the 2nd quarter. Liberty Wealth Management LLC now owns 491 shares of the mining company’s stock worth $31,000 after purchasing an additional 346 shares during the last quarter. Arrow Financial Corp purchased a new stake in Rio Tinto during the 2nd quarter worth approximately $34,000. FinTrust Capital Advisors LLC increased its holdings in Rio Tinto by 234.1% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 568 shares of the mining company’s stock worth $35,000 after purchasing an additional 398 shares during the last quarter. Finally, Manchester Financial Inc. purchased a new stake in Rio Tinto during the 2nd quarter worth approximately $41,000. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on RIO shares. ValuEngine downgraded Rio Tinto from a “sell” rating to a “strong sell” rating in a report on Friday, August 2nd. BMO Capital Markets upgraded Rio Tinto from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. UBS Group restated a “neutral” rating on shares of Rio Tinto in a report on Friday, June 14th. Credit Suisse Group downgraded Rio Tinto from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 24th. Finally, Goldman Sachs Group upgraded Rio Tinto from a “neutral” rating to a “buy” rating in a report on Monday, May 27th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $59.77.

Shares of RIO opened at $55.10 on Friday. The company has a market cap of $70.12 billion, a P/E ratio of 10.87 and a beta of 0.88. The stock has a fifty day moving average price of $51.53 and a 200 day moving average price of $57.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. Rio Tinto plc ADR has a 12 month low of $44.62 and a 12 month high of $64.02.

Rio Tinto Company 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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