Community Bank & Trust Waco Texas Raises Position in Rio Tinto Group (NYSE:RIO)

Community Bank & Trust Waco Texas lifted its position in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 134.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,386 shares of the mining company's stock after buying an additional 11,675 shares during the quarter. Community Bank & Trust Waco Texas' holdings in Rio Tinto Group were worth $1,451,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RIO. Aigen Investment Management LP bought a new position in shares of Rio Tinto Group in the third quarter worth $431,000. Jaffetilchin Investment Partners LLC bought a new position in shares of Rio Tinto Group in the third quarter worth $493,000. Chartwell Investment Partners LLC purchased a new stake in Rio Tinto Group in the third quarter valued at approximately $1,459,000. Patten & Patten Inc. TN bought a new stake in shares of Rio Tinto Group during the 3rd quarter worth $209,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of 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 purchasing an additional 31,290 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company's stock.

Rio Tinto Group Trading Down 0.8 %

Shares of RIO stock traded down $0.51 during mid-day trading on Wednesday, hitting $60.69. The company had a trading volume of 1,648,317 shares, compared to its average volume of 2,759,634. The stock's 50 day moving average price is $65.41 and its 200-day moving average price is $66.19. Rio Tinto Group has a 52-week low of $59.35 and a 52-week high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Analysts Set New Price Targets

RIO has been the topic of a number of recent research reports. Royal Bank of Canada raised Rio Tinto Group to a "hold" rating in a research note on Wednesday, July 31st. HSBC upgraded Rio Tinto Group from a "hold" rating to a "buy" rating in a research report on Tuesday, July 23rd. Macquarie reiterated a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Berenberg Bank raised shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, Hsbc Global Res raised shares of Rio Tinto Group to a "strong-buy" rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Rio Tinto Group presently has a consensus rating of "Moderate Buy".

About Rio Tinto Group

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.