Anchyra Partners LLC Acquires Shares of 5,541 Rio Tinto PLC $RIO

Anchyra Partners LLC acquired a new stake in shares of Rio Tinto PLC (NYSE:RIO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,541 shares of the mining company’s stock, valued at approximately $443,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RIO. Cubist Systematic Strategies LLC purchased a new stake in Rio Tinto during the 1st quarter valued at approximately $84,000. AQR Capital Management LLC increased its position in Rio Tinto by 78.4% during the 1st quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock worth $726,000 after purchasing an additional 5,310 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rio Tinto by 20.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock worth $690,000 after purchasing an additional 1,968 shares during the period. Empowered Funds LLC increased its position in Rio Tinto by 5.8% during the 1st quarter. Empowered Funds LLC now owns 5,280 shares of the mining company’s stock worth $317,000 after purchasing an additional 288 shares during the period. Finally, Focus Partners Wealth increased its position in Rio Tinto by 16.7% during the 1st quarter. Focus Partners Wealth now owns 15,985 shares of the mining company’s stock worth $962,000 after purchasing an additional 2,285 shares during the period. 19.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Zacks Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Argus set a $120.00 target price on Rio Tinto in a research report on Monday. Barclays cut Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 24th. Weiss Ratings upgraded Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, HSBC cut Rio Tinto from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Stock Performance

Shares of NYSE:RIO opened at $100.03 on Tuesday. The business’s fifty day moving average price is $94.41 and its two-hundred day moving average price is $84.34. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a one year low of $55.64 and a one year high of $101.53.

Rio Tinto Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, April 16th. Shareholders of record on Friday, March 6th were paid a dividend of $2.54 per share. This represents a dividend yield of 564.0%. The ex-dividend date of this dividend was Friday, March 6th.

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.