Rio Tinto PLC $RIO Stake Raised by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 362.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,307 shares of the mining company’s stock after acquiring an additional 16,696 shares during the quarter. Hantz Financial Services Inc.’s holdings in Rio Tinto were worth $1,406,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Advisors Inc. OK raised its holdings in shares of Rio Tinto by 20.6% during the 3rd quarter. Capital Advisors Inc. OK now owns 520,428 shares of the mining company’s stock valued at $34,353,000 after purchasing an additional 89,069 shares in the last quarter. QSM Asset Management Ltd acquired a new position in Rio Tinto during the third quarter worth $11,509,000. Synergy Asset Management LLC raised its holdings in Rio Tinto by 272.2% during the third quarter. Synergy Asset Management LLC now owns 205,418 shares of the mining company’s stock valued at $12,712,000 after buying an additional 150,234 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Rio Tinto by 479.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 144,553 shares of the mining company’s stock worth $9,542,000 after buying an additional 119,614 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Rio Tinto by 8.1% during the 2nd quarter. Assetmark Inc. now owns 70,330 shares of the mining company’s stock worth $4,102,000 after acquiring an additional 5,259 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Price Performance

RIO opened at $93.42 on Friday. The business has a 50 day moving average of $82.93 and a 200-day moving average of $71.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.53 and a quick ratio of 1.03. Rio Tinto PLC has a 1-year low of $51.67 and a 1-year high of $98.60.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Argus raised their price objective on Rio Tinto from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Rio Tinto in a report on Thursday, January 22nd. Zacks Research upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rio Tinto in a report on Monday, December 29th. Finally, Erste Group Bank upgraded shares of Rio Tinto from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Rio Tinto currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.