REX American Resources Corporation $REX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of REX American Resources Corporation (NYSE:REX) by 18.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,354 shares of the energy company’s stock after selling 4,668 shares during the period. SG Americas Securities LLC’s holdings in REX American Resources were worth $991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of REX American Resources by 22.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 184,692 shares of the energy company’s stock worth $6,939,000 after buying an additional 33,661 shares during the period. Nuveen LLC purchased a new position in REX American Resources in the first quarter worth approximately $5,824,000. Vanguard Group Inc. grew its holdings in REX American Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,316,404 shares of the energy company’s stock worth $49,457,000 after acquiring an additional 11,785 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of REX American Resources by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 49,004 shares of the energy company’s stock valued at $1,841,000 after purchasing an additional 10,496 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of REX American Resources by 9.7% in the 1st quarter. American Century Companies Inc. now owns 462,314 shares of the energy company’s stock valued at $17,369,000 after purchasing an additional 40,693 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of REX American Resources in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, REX American Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

REX American Resources Stock Down 1.7%

Shares of REX American Resources stock opened at $31.80 on Tuesday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 21.56 and a beta of 0.72. REX American Resources Corporation has a 52 week low of $16.73 and a 52 week high of $33.97. The firm’s 50 day moving average is $31.69 and its two-hundred day moving average is $27.84.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $158.56 million during the quarter, compared to the consensus estimate of $165.00 million. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. As a group, research analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

REX American Resources Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.