Rio Tinto PLC $RIO Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. grew its position in Rio Tinto PLC (NYSE:RIO) by 606.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,611 shares of the mining company’s stock after purchasing an additional 3,958 shares during the quarter. Hantz Financial Services Inc.’s holdings in Rio Tinto were worth $269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Rio Tinto in the 1st quarter valued at $30,000. Pandora Wealth Inc. acquired a new stake in shares of Rio Tinto in the 1st quarter valued at $30,000. Hilltop National Bank acquired a new stake in shares of Rio Tinto in the 2nd quarter valued at $44,000. Resources Management Corp CT ADV acquired a new stake in shares of Rio Tinto in the 1st quarter valued at $48,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Rio Tinto by 65.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 852 shares of the mining company’s stock valued at $51,000 after purchasing an additional 336 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Stock Down 0.4%

NYSE RIO opened at $71.88 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.53 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $65.76 and its 200 day moving average price is $62.11. Rio Tinto PLC has a 12 month low of $51.67 and a 12 month high of $73.76.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RIO. Weiss Ratings restated a “hold (c)” rating on shares of Rio Tinto in a report on Wednesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rio Tinto in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Zacks Research raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Rio Tinto presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

About Rio Tinto

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.