Semmax Financial Advisors Inc. Sells 2,840 Shares of Rio Tinto plc ADR (RIO)

Semmax Financial Advisors Inc. reduced its holdings in shares of Rio Tinto plc ADR (NYSE:RIO) by 33.5% during the 1st quarter, HoldingsChannel reports. The fund owned 5,649 shares of the mining company’s stock after selling 2,840 shares during the period. Semmax Financial Advisors Inc.’s holdings in Rio Tinto were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RIO. Landmark Bank boosted its holdings in shares of Rio Tinto by 21.1% in the 4th quarter. Landmark Bank now owns 28,241 shares of the mining company’s stock worth $1,369,000 after buying an additional 4,930 shares during the last quarter. Fisher Asset Management LLC raised its stake in Rio Tinto by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,487,110 shares of the mining company’s stock valued at $459,935,000 after acquiring an additional 211,584 shares during the period. Eqis Capital Management Inc. raised its stake in Rio Tinto by 79.4% in the 4th quarter. Eqis Capital Management Inc. now owns 15,100 shares of the mining company’s stock valued at $732,000 after acquiring an additional 6,681 shares during the period. Legacy Bridge LLC bought a new stake in Rio Tinto in the 4th quarter valued at about $401,000. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Rio Tinto by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 7,969 shares of the mining company’s stock valued at $386,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 7.68% of the company’s stock.

A number of brokerages recently issued reports on RIO. Zacks Investment Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. BNP Paribas cut shares of Rio Tinto from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 10th. Exane BNP Paribas cut shares of Rio Tinto from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 10th. Vertical Group upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Vertical Research upgraded shares of Rio Tinto from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.33.

NYSE:RIO opened at $59.96 on Monday. The company has a market cap of $76.27 billion, a PE ratio of 11.83 and a beta of 0.83. Rio Tinto plc ADR has a fifty-two week low of $44.62 and a fifty-two week high of $63.27. The company has a quick ratio of 1.65, a current ratio of 1.98 and a debt-to-equity ratio of 0.26.

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Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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

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