19,582 Shares in Rio Tinto Group (NYSE:RIO) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Rio Tinto Group (NYSE:RIO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,582 shares of the mining company’s stock, valued at approximately $1,140,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Oxbow Advisors LLC purchased a new position in Rio Tinto Group in the 4th quarter worth approximately $3,553,000. Bell Bank raised its holdings in Rio Tinto Group by 18.5% in the 4th quarter. Bell Bank now owns 142,231 shares of the mining company’s stock worth $8,365,000 after acquiring an additional 22,168 shares during the last quarter. Passumpsic Savings Bank raised its holdings in Rio Tinto Group by 10.3% in the 4th quarter. Passumpsic Savings Bank now owns 9,754 shares of the mining company’s stock worth $574,000 after acquiring an additional 913 shares during the last quarter. Private Advisor Group LLC raised its holdings in Rio Tinto Group by 35.1% in the 4th quarter. Private Advisor Group LLC now owns 36,921 shares of the mining company’s stock worth $2,171,000 after acquiring an additional 9,591 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Rio Tinto Group by 5.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 286,375 shares of the mining company’s stock worth $16,842,000 after acquiring an additional 15,031 shares during the last quarter. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Group Price Performance

Shares of RIO opened at $63.43 on Monday. The firm has a market cap of $79.47 billion, a PE ratio of 9.83, a P/E/G ratio of 0.42 and a beta of 0.65. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $60.61 and a two-hundred day simple moving average of $62.94. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RIO shares. Jefferies Financial Group decreased their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.