Coldstream Capital Management Inc. Sells 1,069 Shares of Rio Tinto PLC $RIO

Coldstream Capital Management Inc. cut its stake in shares of Rio Tinto PLC (NYSE:RIO) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,109 shares of the mining company’s stock after selling 1,069 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Rio Tinto were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Rio Tinto by 14.4% during the 2nd quarter. American Century Companies Inc. now owns 320,311 shares of the mining company’s stock worth $18,684,000 after acquiring an additional 40,264 shares during the last quarter. Cozad Asset Management Inc. raised its position in Rio Tinto by 10.4% during the second quarter. Cozad Asset Management Inc. now owns 10,577 shares of the mining company’s stock valued at $617,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers lifted its stake in Rio Tinto by 1.7% during the second quarter. Rhumbline Advisers now owns 16,396 shares of the mining company’s stock worth $956,000 after purchasing an additional 273 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of Rio Tinto in the 2nd quarter worth about $169,000. Finally, Evelyn Partners Asset Management Ltd boosted its holdings in shares of Rio Tinto by 7,163.3% in the 2nd quarter. Evelyn Partners Asset Management Ltd now owns 15,616 shares of the mining company’s stock worth $911,000 after purchasing an additional 15,401 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Trading Down 0.1%

RIO stock opened at $72.14 on Friday. The firm’s 50-day moving average price is $68.83 and its two-hundred day moving average price is $63.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.53. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $73.76.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Rio Tinto in a report on Wednesday, October 8th. Zacks Research lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rio Tinto in a research note on Wednesday, October 8th. Finally, Citigroup reiterated a “hold” rating on shares of Rio Tinto in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Rio Tinto presently has an average rating of “Moderate Buy” and a consensus target price 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.