Community Bank & Trust Waco Texas Boosts Holdings in Rio Tinto Group (NYSE:RIO)

Community Bank & Trust Waco Texas raised its stake in shares of Rio Tinto Group (NYSE:RIO) by 134.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 20,386 shares of the mining company’s stock after acquiring an additional 11,675 shares during the period. Community Bank & Trust Waco Texas’ holdings in Rio Tinto Group were worth $1,451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RIO. Aigen Investment Management LP bought a new stake in Rio Tinto Group in the 3rd quarter valued at $431,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Rio Tinto Group in the third quarter worth about $493,000. Chartwell Investment Partners LLC bought a new position in Rio Tinto Group during the third quarter valued at approximately $1,459,000. Patten & Patten Inc. TN purchased a new position in Rio Tinto Group during the 3rd quarter valued at approximately $209,000. Finally, Crossmark Global Holdings Inc. increased its stake in Rio Tinto Group by 53.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 89,466 shares of the mining company’s stock worth $6,367,000 after acquiring an additional 31,290 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RIO shares. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Royal Bank of Canada upgraded Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rio Tinto Group Stock Performance

Shares of RIO opened at $61.20 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $65.39 and a 200 day moving average of $66.24. Rio Tinto Group has a 1-year low of $59.35 and a 1-year high of $75.09.

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.