Menlo Advisors Decreased Its Vodafone Group F Sponsored Adr (VOD) Stake by $310,268; Rio Tinto Plc Sp Adr (RIO) Shareholder Cadinha & Co Has Decreased Its Holding as Stock Declined

January 23, 2018 - By Clifton Ray

Cadinha & Co Llc decreased its stake in Rio Tinto Plc Sp Adr (RIO) by 39.87% based on its latest 2017Q3 regulatory filing with the SEC. Cadinha & Co Llc sold 121,145 shares as the company’s stock declined 9.05% while stock markets rallied. The institutional investor held 182,675 shares of the precious metals company at the end of 2017Q3, valued at $8.62M, down from 303,820 at the end of the previous reported quarter. Cadinha & Co Llc who had been investing in Rio Tinto Plc Sp Adr for a number of months, seems to be less bullish one the $91.06B market cap company. The stock decreased 1.81% or $1.02 during the last trading session, reaching $55.43. About 392,271 shares traded. Rio Tinto plc (NYSE:RIO) has risen 43.73% since January 23, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

Menlo Advisors Llc decreased its stake in Vodafone Group F Sponsored Adr (VOD) by 6.86% based on its latest 2017Q3 regulatory filing with the SEC. Menlo Advisors Llc sold 11,081 shares as the company’s stock rose 16.21% with the market. The hedge fund held 150,401 shares of the telecommunications equipment company at the end of 2017Q3, valued at $4.28M, down from 161,482 at the end of the previous reported quarter. Menlo Advisors Llc who had been investing in Vodafone Group F Sponsored Adr for a number of months, seems to be less bullish one the $78.86 billion market cap company. The stock increased 0.25% or $0.08 during the last trading session, reaching $32.24. About 244,625 shares traded. Vodafone Group Plc (NASDAQ:VOD) has declined 13.23% since January 23, 2017 and is downtrending. It has underperformed by 29.93% the S&P500.

Among 21 analysts covering Rio Tinto (NYSE:RIO), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. Rio Tinto had 48 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Cowen & Co on Tuesday, May 3. On Wednesday, August 2 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Hold” rating by J.P. Morgan given on Monday, November 13. The firm has “Buy” rating by Jefferies given on Thursday, August 31. RBC Capital Markets downgraded the shares of RIO in report on Tuesday, August 15 to “Outperform” rating. The rating was downgraded by Axiom Capital on Thursday, March 31 to “Sell”. The company was downgraded on Tuesday, October 17 by Citigroup. Morgan Stanley upgraded Rio Tinto plc (NYSE:RIO) on Tuesday, June 28 to “Overweight” rating. The stock of Rio Tinto plc (NYSE:RIO) earned “Buy” rating by Jefferies on Friday, July 14. The rating was initiated by Axiom Capital with “Neutral” on Friday, August 21.

Cadinha & Co Llc, which manages about $952.64 million and $586.57M US Long portfolio, upped its stake in Ishares Core Msci Euro (IEUR) by 10,121 shares to 476,730 shares, valued at $23.68 million in 2017Q3, according to the filing. It also increased its holding in Cvs Caremark Corporation (NYSE:CVS) by 30,395 shares in the quarter, for a total of 152,820 shares, and has risen its stake in Lockheed Martin Corp (NYSE:LMT).

Among 9 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Vodafone Group PLC (ADR) had 14 analyst reports since October 19, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 12 by Argus Research. The stock of Vodafone Group Plc (NASDAQ:VOD) earned “Neutral” rating by Bank of America on Wednesday, January 25. The rating was upgraded by Bank of America to “Buy” on Wednesday, August 9. The rating was upgraded by Goldman Sachs on Tuesday, January 10 to “Buy”. The stock has “Neutral” rating by Macquarie Research on Monday, June 13. As per Friday, December 8, the company rating was upgraded by Barclays Capital. As per Tuesday, September 20, the company rating was initiated by Argus Research. Raymond James upgraded the stock to “Buy” rating in Wednesday, January 17 report. Bank of America upgraded Vodafone Group Plc (NASDAQ:VOD) on Wednesday, April 20 to “Buy” rating. The firm earned “Reduce” rating on Thursday, June 1 by Standpoint Research.

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