Mangrove Partners IM LLC raised its holdings in REX American Resources Corporation (NYSE:REX – Free Report) by 92.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,015,234 shares of the energy company’s stock after purchasing an additional 488,682 shares during the quarter. REX American Resources comprises approximately 2.7% of Mangrove Partners IM LLC’s portfolio, making the stock its 15th largest holding. Mangrove Partners IM LLC’s holdings in REX American Resources were worth $32,812,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of REX. AQR Capital Management LLC increased its stake in REX American Resources by 29.2% in the first quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock valued at $3,619,000 after purchasing an additional 21,781 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in REX American Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after purchasing an additional 390 shares during the period. Empowered Funds LLC increased its stake in REX American Resources by 4.1% in the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock valued at $2,956,000 after purchasing an additional 3,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in REX American Resources by 74.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock valued at $3,090,000 after purchasing an additional 35,209 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in REX American Resources by 55.3% in the second quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock valued at $4,657,000 after purchasing an additional 34,030 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Insider Activity
In related news, insider Stuart A. Rose sold 766 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $44.14, for a total transaction of $33,811.24. Following the sale, the insider owned 625,254 shares of the company’s stock, valued at approximately $27,598,711.56. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the sale, the chief financial officer directly owned 254,084 shares in the company, valued at approximately $12,381,513.32. This represents a 1.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 22,565 shares of company stock worth $1,037,199. Insiders own 13.21% of the company’s stock.
REX American Resources Stock Up 1.4%
Shares of NYSE:REX opened at $43.57 on Wednesday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 15.53 and a beta of 0.61. The firm’s 50-day simple moving average is $46.61 and its 200-day simple moving average is $39.52. REX American Resources Corporation has a fifty-two week low of $23.82 and a fifty-two week high of $53.36.
REX American Resources (NYSE:REX – Get Free Report) last issued its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.42. The business had revenue of $156.50 million for the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.
REX American Resources Profile
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.
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