Headlands Technologies LLC Buys 2,615 Shares of Rio Tinto Group (NYSE:RIO)

Headlands Technologies LLC grew its holdings in shares of Rio Tinto Group (NYSE:RIOFree Report) by 1,094.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,854 shares of the mining company’s stock after purchasing an additional 2,615 shares during the period. Headlands Technologies LLC’s holdings in Rio Tinto Group were worth $182,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RIO. Cowa LLC purchased a new position in shares of Rio Tinto Group during the first quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $27,000. First Manhattan Co. lifted its holdings in shares of Rio Tinto Group by 555.4% during the fourth quarter. First Manhattan Co. now owns 426 shares of the mining company’s stock valued at $30,000 after purchasing an additional 361 shares during the last quarter. Spotlight Asset Group Inc. purchased a new position in shares of Rio Tinto Group during the second quarter valued at approximately $32,000. Finally, SouthState Corp purchased a new position in Rio Tinto Group in the 3rd quarter worth approximately $32,000. 10.03% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Down 0.3 %

Rio Tinto Group stock opened at $67.92 on Friday. Rio Tinto Group has a 12-month low of $58.27 and a 12-month high of $76.54. The firm has a 50 day moving average of $70.86 and a 200 day moving average of $66.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.99 and a quick ratio of 1.37.

Wall Street Analyst Weigh In

Several brokerages have commented on RIO. The Goldman Sachs Group assumed coverage on Rio Tinto Group in a research note on Friday, January 12th. They set a “buy” rating on the stock. StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Liberum Capital upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays raised shares of Rio Tinto Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 24th. Finally, BNP Paribas upgraded shares of Rio Tinto Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

View Our Latest Research Report on Rio Tinto Group

Rio Tinto Group Profile

(Free Report)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities.

See Also

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

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