Vise Technologies Inc. Has $1.87 Million Stock Holdings in Rio Tinto PLC $RIO

Vise Technologies Inc. boosted its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 32.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,358 shares of the mining company’s stock after acquiring an additional 5,674 shares during the period. Vise Technologies Inc.’s holdings in Rio Tinto were worth $1,869,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crescent Grove Advisors LLC increased its position in shares of Rio Tinto by 88.9% in the 4th quarter. Crescent Grove Advisors LLC now owns 5,727 shares of the mining company’s stock valued at $458,000 after buying an additional 2,695 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Rio Tinto in the 4th quarter valued at $231,000. Disciplined Investors L.L.C. bought a new stake in shares of Rio Tinto in the 4th quarter valued at $1,097,000. CIBC Asset Management Inc bought a new stake in shares of Rio Tinto in the 4th quarter valued at $724,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of Rio Tinto by 28.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 1,690 shares of the mining company’s stock valued at $135,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RIO. Barclays cut shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 24th. Sanford C. Bernstein upped their price objective on shares of Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research report on Monday, April 27th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a research report on Tuesday, May 26th. Argus set a $120.00 price objective on shares of Rio Tinto in a research report on Monday, April 27th. Finally, DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rio Tinto presently has an average rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Stock Down 0.1%

Shares of RIO stock opened at $100.59 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $100.94 and its 200-day moving average is $91.02. Rio Tinto PLC has a 52-week low of $55.64 and a 52-week high of $112.58.

About Rio Tinto

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.