Capital Advisors Inc. OK Acquires 89,069 Shares of Rio Tinto PLC $RIO

Capital Advisors Inc. OK lifted its stake in shares of Rio Tinto PLC (NYSE:RIO) by 20.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 520,428 shares of the mining company’s stock after acquiring an additional 89,069 shares during the period. Capital Advisors Inc. OK’s holdings in Rio Tinto were worth $34,353,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in shares of Rio Tinto by 62.2% during the third quarter. Salomon & Ludwin LLC now owns 472 shares of the mining company’s stock valued at $31,000 after purchasing an additional 181 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Rio Tinto in the 2nd quarter valued at about $38,000. MTM Investment Management LLC acquired a new position in Rio Tinto during the 2nd quarter worth approximately $43,000. Hilltop National Bank bought a new position in Rio Tinto in the second quarter worth approximately $44,000. Finally, Resources Management Corp CT ADV acquired a new stake in Rio Tinto in the first quarter valued at approximately $48,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Price Performance

RIO opened at $81.41 on Friday. Rio Tinto PLC has a 1 year low of $51.67 and a 1 year high of $82.36. 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 $73.99 and its two-hundred day moving average price is $66.56.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Rio Tinto in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Rio Tinto in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Rio Tinto in a research note on Monday, December 1st. Zacks Research raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Citigroup restated a “hold” rating on shares of Rio Tinto in a report on Monday, November 17th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rio Tinto presently has an average rating of “Moderate Buy” and an average target price of $79.00.

About Rio Tinto

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.