Bessemer Group Inc. trimmed its holdings in Rio Tinto PLC (NYSE:RIO) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,288 shares of the mining company’s stock after selling 3,915 shares during the quarter. Bessemer Group Inc.’s holdings in Rio Tinto PLC were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Knowledge Leaders Capital LLC lifted its holdings in Rio Tinto PLC by 126.0% in the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock valued at $101,000 after acquiring an additional 1,334 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Rio Tinto PLC by 13.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock valued at $110,000 after acquiring an additional 299 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in Rio Tinto PLC by 125.4% in the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock valued at $118,000 after acquiring an additional 1,555 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Rio Tinto PLC by 212.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock worth $135,000 after buying an additional 2,166 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Rio Tinto PLC by 120.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,753 shares of the mining company’s stock worth $159,000 after buying an additional 2,048 shares during the period. 7.02% of the stock is owned by institutional investors.

Rio Tinto PLC (RIO) opened at $47.56 on Thursday. Rio Tinto PLC has a twelve month low of $36.25 and a twelve month high of $50.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.34.

Several research firms have issued reports on RIO. J P Morgan Chase & Co downgraded Rio Tinto PLC from an “overweight” rating to a “neutral” rating in a report on Monday. Societe Generale upgraded Rio Tinto PLC from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Royal Bank Of Canada downgraded Rio Tinto PLC from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $47.87 to $48.37 in a report on Monday, October 23rd. Cowen and Company set a $47.00 price objective on Rio Tinto PLC and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, Citigroup Inc. downgraded Rio Tinto PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Rio Tinto PLC currently has an average rating of “Buy” and a consensus price target of $50.07.

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Rio Tinto PLC Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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Institutional Ownership by Quarter for Rio Tinto PLC (NYSE:RIO)

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