Leonteq Securities AG Acquires New Holdings in Rio Tinto PLC $RIO

Leonteq Securities AG acquired a new stake in shares of Rio Tinto PLC (NYSE:RIO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,854 shares of the mining company’s stock, valued at approximately $388,000.

A number of other institutional investors have also recently bought and sold shares of RIO. Arrowstreet Capital Limited Partnership acquired a new position in Rio Tinto during the third quarter valued at approximately $94,737,000. Bank of America Corp DE grew its holdings in Rio Tinto by 31.9% during the third quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock valued at $208,430,000 after purchasing an additional 763,786 shares during the period. National Bank of Canada FI grew its holdings in Rio Tinto by 878.3% during the third quarter. National Bank of Canada FI now owns 824,092 shares of the mining company’s stock valued at $54,396,000 after purchasing an additional 739,854 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Rio Tinto during the third quarter valued at approximately $37,115,000. Finally, Fisher Asset Management LLC lifted its stake in Rio Tinto by 3.0% in the third quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after buying an additional 557,234 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Trading Down 0.5%

Shares of RIO opened at $104.24 on Friday. The firm’s 50 day moving average price is $97.13 and its two-hundred day moving average price is $88.32. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a twelve month low of $55.64 and a twelve month high of $112.58.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RIO shares. Bank of America lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Friday. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a research note on Monday, April 13th. DZ Bank lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Morgan Stanley lowered shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 28th. Finally, HSBC lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Rio Tinto has a consensus rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.