Requisite Capital Management LLC Buys 1,461 Shares of Rio Tinto Group (NYSE:RIO)

Requisite Capital Management LLC lifted its stake in Rio Tinto Group (NYSE:RIO) by 25.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,217 shares of the mining company’s stock after acquiring an additional 1,461 shares during the period. Requisite Capital Management LLC’s holdings in Rio Tinto Group were worth $479,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC boosted its stake in Rio Tinto Group by 12.6% during the third quarter. FMR LLC now owns 381,989 shares of the mining company’s stock valued at $24,310,000 after buying an additional 42,684 shares during the period. Rehmann Capital Advisory Group bought a new stake in Rio Tinto Group during the third quarter valued at $220,000. Schonfeld Strategic Advisors LLC bought a new stake in Rio Tinto Group during the third quarter valued at $1,865,000. Insigneo Advisory Services LLC boosted its stake in Rio Tinto Group by 4.4% during the third quarter. Insigneo Advisory Services LLC now owns 4,464 shares of the mining company’s stock valued at $284,000 after buying an additional 187 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Rio Tinto Group by 69.3% during the third quarter. Glenmede Trust Co. NA now owns 9,350 shares of the mining company’s stock valued at $595,000 after buying an additional 3,828 shares during the period. 19.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RIO has been the topic of a number of research reports. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 21st. Citigroup downgraded Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Berenberg Bank downgraded Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, Liberum Capital restated a “hold” rating on shares of Rio Tinto Group in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Moderate Buy”.

Rio Tinto Group Trading Down 0.6 %

Shares of RIO traded down $0.40 during trading hours on Tuesday, hitting $66.01. The company had a trading volume of 1,717,645 shares, compared to its average volume of 2,721,531. The firm has a market cap of $82.68 billion, a P/E ratio of 8.92, a P/E/G ratio of 6.98 and a beta of 0.67. The stock’s 50 day moving average price is $68.79 and its 200 day moving average price is $68.06. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 52-week low of $58.27 and a 52-week high of $75.09.

Rio Tinto Group Company Profile

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.