Community Bank & Trust Waco Texas Has $1.45 Million Stock Holdings in Rio Tinto Group (NYSE:RIO)

Community Bank & Trust Waco Texas raised its position in Rio Tinto Group (NYSE:RIO) by 134.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,386 shares of the mining company’s stock after buying an additional 11,675 shares during the period. Community Bank & Trust Waco Texas’ holdings in Rio Tinto Group were worth $1,451,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in RIO. GHP Investment Advisors Inc. purchased a new position in shares of Rio Tinto Group in the second quarter worth about $26,000. Winch Advisory Services LLC purchased a new position in Rio Tinto Group in the 3rd quarter valued at approximately $26,000. FSC Wealth Advisors LLC bought a new stake in Rio Tinto Group during the 3rd quarter valued at $28,000. Sound Income Strategies LLC lifted its position in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Centerpoint Advisors LLC boosted its holdings in shares of Rio Tinto Group by 110.0% in the second quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

RIO has been the subject of several recent analyst reports. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Hsbc Global Res raised Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada upgraded Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rio Tinto Group has an average rating of “Moderate Buy”.

Rio Tinto Group Trading Down 2.2 %

Shares of Rio Tinto Group stock opened at $61.20 on Wednesday. Rio Tinto Group has a twelve month low of $59.35 and a twelve month high of $75.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. The company’s 50 day moving average is $65.39 and its 200 day moving average is $66.24.

Rio Tinto Group 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.