Capula Management Ltd Takes Position in Rio Tinto PLC $RIO

Capula Management Ltd purchased a new stake in shares of Rio Tinto PLC (NYSE:RIO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,020 shares of the mining company’s stock, valued at approximately $655,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its holdings in Rio Tinto by 160.2% during the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. PFS Partners LLC purchased a new stake in shares of Rio Tinto during the fourth quarter worth $28,000. Nvest Wealth Strategies Inc. bought a new position in shares of Rio Tinto in the fourth quarter worth $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Rio Tinto in the fourth quarter worth $34,000. Finally, Evelyn Partners Investment Management LLP purchased a new position in shares of Rio Tinto in the fourth quarter valued at $34,000. 19.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RIO shares. Sanford C. Bernstein boosted their price objective on Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, April 27th. DZ Bank upgraded Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Bank of America downgraded shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. Finally, Argus set a $120.00 price objective on shares of Rio Tinto in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.75.

Rio Tinto Stock Performance

NYSE:RIO opened at $91.56 on Friday. The business’s 50-day moving average price is $98.69 and its two-hundred day moving average price is $95.80. Rio Tinto PLC has a twelve month low of $58.40 and a twelve month high of $112.58. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Rio Tinto Company Profile

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.