Y Intercept Hong Kong Ltd purchased a new stake in REX American Resources Corporation (NYSE:REX – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,493 shares of the energy company’s stock, valued at approximately $1,800,000.
Several other hedge funds also recently modified their holdings of REX. Hantz Financial Services Inc. raised its position in REX American Resources by 133.4% in the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after buying an additional 515 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of REX American Resources by 359.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after acquiring an additional 704 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares during the last quarter. Simplex Trading LLC bought a new position in shares of REX American Resources during the fourth quarter valued at about $35,000. Finally, US Bancorp DE boosted its holdings in REX American Resources by 100.0% during the third quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock worth $82,000 after purchasing an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
Insider Activity at REX American Resources
In other news, insider Stuart A. Rose sold 15,186 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider owned 573,094 shares of the company’s stock, valued at $25,009,822.16. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the sale, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 105,086 shares of company stock worth $4,643,829. Insiders own 13.21% of the company’s stock.
REX American Resources Stock Performance
REX American Resources (NYSE:REX – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 EPS 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%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.
REX American Resources Company 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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