Requisite Capital Management LLC increased its stake in Rio Tinto Group (NYSE:RIO – Free Report) by 25.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,217 shares of the mining company’s stock after purchasing an additional 1,461 shares during the quarter. Requisite Capital Management LLC’s holdings in Rio Tinto Group were worth $479,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RIO. Naviter Wealth LLC increased its position in Rio Tinto Group by 14.6% in the 1st quarter. Naviter Wealth LLC now owns 24,593 shares of the mining company’s stock worth $1,629,000 after buying an additional 3,134 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Rio Tinto Group by 22.7% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 978,859 shares of the mining company’s stock worth $62,392,000 after buying an additional 180,874 shares during the period. Allspring Global Investments Holdings LLC increased its position in Rio Tinto Group by 54.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,638 shares of the mining company’s stock worth $614,000 after buying an additional 3,414 shares during the period. Breakwater Capital Group bought a new position in Rio Tinto Group in the 1st quarter worth approximately $291,000. Finally, Optas LLC increased its position in Rio Tinto Group by 4.2% in the 1st quarter. Optas LLC now owns 3,833 shares of the mining company’s stock worth $244,000 after buying an additional 154 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.
Rio Tinto Group Price Performance
RIO stock traded down $0.40 during trading on Tuesday, hitting $66.01. The company had a trading volume of 1,717,645 shares, compared to its average volume of 2,721,531. The company has a fifty day moving average price of $68.79 and a two-hundred day moving average price of $68.06. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The company has a market cap of $82.68 billion, a P/E ratio of 8.92, a P/E/G ratio of 6.98 and a beta of 0.67. Rio Tinto Group has a fifty-two week low of $58.27 and a fifty-two week high of $75.09.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Rio Tinto Group
About Rio Tinto Group
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.
Read More
- Five stocks we like better than Rio Tinto Group
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- RXO Shares Surge Following New Acquisition Deal
- Options Trading – Understanding Strike Price
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto Group (NYSE:RIO – Free Report).
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.