Barclays PLC Has $23.89 Million Stock Position in Rio Tinto Group (NYSE:RIO)

Barclays PLC boosted its position in Rio Tinto Group (NYSE:RIO - Free Report) by 225.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 335,637 shares of the mining company's stock after purchasing an additional 232,539 shares during the period. Barclays PLC's holdings in Rio Tinto Group were worth $23,888,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its stake in Rio Tinto Group by 237.0% in the 2nd quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company's stock valued at $164,493,000 after purchasing an additional 1,738,752 shares during the period. Natixis Advisors LLC increased its position in Rio Tinto Group by 8.7% during the 2nd quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company's stock worth $45,870,000 after purchasing an additional 55,967 shares in the last quarter. Philip James Wealth Mangement LLC bought a new position in Rio Tinto Group in the 3rd quarter valued at approximately $1,345,000. Fisher Asset Management LLC boosted its position in Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company's stock valued at $1,247,475,000 after buying an additional 485,731 shares in the last quarter. Finally, Northwest Bancshares Inc. bought a new stake in shares of Rio Tinto Group during the third quarter worth $1,440,000. Institutional investors own 19.33% of the company's stock.

Wall Street Analyst Weigh In

RIO has been the topic of a number of research reports. StockNews.com lowered Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th. Berenberg Bank raised Rio Tinto Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Finally, Macquarie reiterated a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Rio Tinto Group Trading Down 2.0 %

Rio Tinto Group stock traded down $1.24 during mid-day trading on Friday, hitting $62.21. 3,232,078 shares of the stock were exchanged, compared to its average volume of 2,697,851. Rio Tinto Group has a 12 month low of $59.35 and a 12 month high of $75.09. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. The firm's fifty day simple moving average is $64.30 and its two-hundred day simple moving average is $64.93.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.