Minneapolis Portfolio Management Group Lifted Its Rio Tinto Plc (RIO) Stake; Nelnet Has 0.87 Sentiment

November 14, 2017 - By Winifred Garcia

Nelnet, Inc. focuses on delivering education-related services and products and student loan asset management. The company has market cap of $2.14 billion. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and communications. It has a 9.82 P/E ratio. The Company’s divisions include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.

Minneapolis Portfolio Management Group Llc increased Rio Tinto Plc (RIO) stake by 44.03% reported in 2017Q2 SEC filing. Minneapolis Portfolio Management Group Llc acquired 208,642 shares as Rio Tinto Plc (RIO)’s stock declined 9.05%. The Minneapolis Portfolio Management Group Llc holds 682,506 shares with $28.88 million value, up from 473,864 last quarter. Rio Tinto Plc now has $87.84B valuation. The stock declined 2.73% or $1.35 reaching $47.85 on the news. About 1.64M shares traded. Rio Tinto plc (ADR) (NYSE:RIO) has risen 43.73% since November 14, 2016 and is uptrending. It has outperformed by 27.03% the S&P500.

About 14,727 shares traded. Nelnet, Inc. (NNI) has risen 13.42% since November 14, 2016 and is uptrending. It has underperformed by 3.28% the S&P500.

Farmers & Merchants Investments Inc holds 7.16% of its portfolio in Nelnet, Inc. for 1.83 million shares. General American Investors Co Inc owns 425,000 shares or 2.02% of their US portfolio. Moreover, Zebra Capital Management Llc has 0.98% invested in the company for 67,335 shares. The New York-based Tegean Capital Management Llc has invested 0.88% in the stock. James Investment Research Inc, a Ohio-based fund reported 400,402 shares.

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