11,430 Shares in REX American Resources Corporation $REX Bought by Ballentine Partners LLC

Ballentine Partners LLC acquired a new position in REX American Resources Corporation (NYSE:REXFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,430 shares of the energy company’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in REX. Vanguard Group Inc. raised its position in shares of REX American Resources by 101.0% in the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock worth $74,610,000 after buying an additional 1,224,274 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of REX American Resources by 89.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after buying an additional 1,015,668 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of REX American Resources in the fourth quarter worth $17,199,000. Mangrove Partners IM LLC purchased a new stake in shares of REX American Resources in the third quarter worth $16,123,000. Finally, American Century Companies Inc. raised its position in shares of REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after buying an additional 386,947 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insiders Place Their Bets

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the sale, the chief financial officer owned 259,170 shares in the company, valued at $11,776,684.80. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.21% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

View Our Latest Analysis on REX American Resources

REX American Resources Stock Down 0.2%

NYSE REX opened at $49.32 on Wednesday. The stock’s 50-day simple moving average is $43.54 and its two-hundred day simple moving average is $36.93. REX American Resources Corporation has a twelve month low of $19.44 and a twelve month high of $53.36. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 19.73 and a beta of 0.63.

REX American Resources (NYSE:REXGet Free Report) last released its quarterly earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $1.18. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.The business had revenue of $157.96 million for the quarter, compared to the consensus estimate of $162.00 million.

REX American Resources Profile

(Free Report)

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

See Also

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Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

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