Ladenburg Thalmann Financial Services Inc. lifted its holdings in Rio Tinto plc ADR (NYSE:RIO) by 3.9% in the second quarter, Holdings Channel reports. The fund owned 11,134 shares of the mining company’s stock after purchasing an additional 413 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Rio Tinto were worth $694,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Personal Wealth Partners bought a new position in shares of Rio Tinto in the 2nd quarter valued at about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Rio Tinto in the 2nd quarter valued at about $25,000. Liberty Wealth Management LLC lifted its holdings in shares of Rio Tinto by 238.6% in the 2nd quarter. Liberty Wealth Management LLC now owns 491 shares of the mining company’s stock valued at $31,000 after acquiring an additional 346 shares during the last quarter. Arrow Financial Corp bought a new position in shares of Rio Tinto in the 2nd quarter valued at about $34,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Rio Tinto by 234.1% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 568 shares of the mining company’s stock valued at $35,000 after acquiring an additional 398 shares during the last quarter. 8.15% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE RIO opened at $52.85 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. Rio Tinto plc ADR has a 1 year low of $44.62 and a 1 year high of $64.02. The firm has a 50-day simple moving average of $51.30 and a two-hundred day simple moving average of $56.75.
About Rio Tinto
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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