Pacer Advisors Inc. Grows Holdings in Rio Tinto plc ADR (NYSE:RIO)

Pacer Advisors Inc. increased its position in Rio Tinto plc ADR (NYSE:RIO) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,446 shares of the mining company’s stock after acquiring an additional 2,016 shares during the quarter. Pacer Advisors Inc.’s holdings in Rio Tinto were worth $4,555,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Rio Tinto by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 38,768 shares of the mining company’s stock valued at $2,281,000 after buying an additional 2,147 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Rio Tinto during the 1st quarter valued at $90,000. Belpointe Asset Management LLC bought a new stake in shares of Rio Tinto during the 1st quarter valued at $109,000. Marshall Wace LLP bought a new position in Rio Tinto in the 1st quarter worth about $393,000. Finally, Marshall Wace North America L.P. bought a new position in Rio Tinto in the 1st quarter worth about $28,033,000. 8.15% of the stock is owned by institutional investors.

Several equities analysts have issued reports on RIO shares. ValuEngine cut shares of Rio Tinto from a “sell” rating to a “strong sell” rating in a research note on Friday, August 2nd. Liberum Capital lowered shares of Rio Tinto from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Investec raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Exane BNP Paribas raised shares of Rio Tinto from an “underperform” rating to a “neutral” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets raised shares of Rio Tinto from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Rio Tinto has an average rating of “Hold” and an average target price of $59.77.

Shares of RIO opened at $52.85 on Friday. The company has a market cap of $63.03 billion, a PE ratio of 10.42 and a beta of 0.86. The business has a fifty day moving average of $51.30 and a 200 day moving average of $56.75. Rio Tinto plc ADR has a 52-week low of $44.62 and a 52-week high of $64.02. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.30.

Rio Tinto 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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