Rio Tinto plc ADR (NYSE:RIO) Shares Sold by Crossmark Global Holdings Inc.

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Crossmark Global Holdings Inc. cut its holdings in shares of Rio Tinto plc ADR (NYSE:RIO) by 21.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,802 shares of the mining company’s stock after selling 13,802 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rio Tinto were worth $2,698,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RIO. Marshall Wace North America L.P. acquired a new stake in Rio Tinto during the 1st quarter worth approximately $28,033,000. Fisher Asset Management LLC lifted its holdings in Rio Tinto by 4.7% during the 2nd quarter. Fisher Asset Management LLC now owns 10,567,108 shares of the mining company’s stock worth $658,754,000 after buying an additional 470,757 shares in the last quarter. Morgan Stanley lifted its holdings in Rio Tinto by 38.1% during the 2nd quarter. Morgan Stanley now owns 1,153,972 shares of the mining company’s stock worth $71,939,000 after buying an additional 318,207 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Rio Tinto by 2,180.2% during the 2nd quarter. Bank of Nova Scotia now owns 259,943 shares of the mining company’s stock worth $625,000 after buying an additional 248,543 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Rio Tinto by 64.8% during the 2nd quarter. BlackRock Inc. now owns 592,095 shares of the mining company’s stock worth $36,910,000 after buying an additional 232,716 shares in the last quarter. Institutional investors own 8.15% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Exane BNP Paribas upgraded shares of Rio Tinto from an “underperform” rating to a “neutral” rating in a report on Thursday, September 5th. Zacks Investment Research upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets upgraded shares of Rio Tinto from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. BNP Paribas raised shares of Rio Tinto from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 5th. Finally, ValuEngine downgraded shares of Rio Tinto from a “sell” rating to a “strong sell” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Rio Tinto presently has an average rating of “Hold” and an average price target of $59.77.

Shares of Rio Tinto stock opened at $52.85 on Friday. Rio Tinto plc ADR has a 1 year low of $44.62 and a 1 year high of $64.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.22 and a current ratio of 1.55. The company has a market capitalization of $62.63 billion, a P/E ratio of 10.42 and a beta of 0.86. The company’s fifty day moving average is $51.30 and its two-hundred day moving average is $56.75.

About Rio Tinto

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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