Solstein Capital LLC Takes Position in Rio Tinto plc ADR (RIO)
Solstein Capital LLC acquired a new position in shares of Rio Tinto plc ADR (NYSE:RIO) during the first quarter, HoldingsChannel reports. The firm acquired 4,875 shares of the mining company’s stock, valued at approximately $287,000. Rio Tinto accounts for approximately 1.6% of Solstein Capital LLC’s portfolio, making the stock its 21st biggest position.
Several other institutional investors also recently made changes to their positions in RIO. Berman Capital Advisors LLC bought a new stake in shares of Rio Tinto during the 4th quarter worth approximately $25,000. First Bank & Trust bought a new stake in shares of Rio Tinto during the 1st quarter worth approximately $29,000. Financial Gravity Wealth Inc. bought a new stake in shares of Rio Tinto during the 1st quarter worth approximately $29,000. Doyle Wealth Management bought a new stake in shares of Rio Tinto during the 4th quarter worth approximately $39,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Rio Tinto during the 4th quarter worth approximately $46,000. Institutional investors own 7.68% of the company’s stock.
RIO stock traded up $0.06 during trading hours on Monday, hitting $60.02. 94,771 shares of the stock were exchanged, compared to its average volume of 2,412,456. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.98 and a quick ratio of 1.65. The stock has a market capitalization of $76.28 billion, a price-to-earnings ratio of 11.88 and a beta of 0.83. Rio Tinto plc ADR has a 12 month low of $44.62 and a 12 month high of $63.27.
Rio Tinto Company Profile
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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