Systematic Financial Management LP cut its holdings in shares of REX American Resources Corporation (NYSE:REX – Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,108,830 shares of the energy company’s stock after selling 78,487 shares during the period. REX American Resources makes up approximately 1.2% of Systematic Financial Management LP’s investment portfolio, making the stock its 15th largest holding. Systematic Financial Management LP’s holdings in REX American Resources were worth $50,529,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its position in shares of REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares during the period. Rockefeller Capital Management L.P. raised its position in REX American Resources by 359.2% during the fourth 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 lifted its stake in 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 acquiring an additional 564 shares during the last quarter. Simplex Trading LLC bought a new position in shares of REX American Resources in the 4th quarter valued at about $35,000. Finally, US Bancorp DE increased its stake in shares of REX American Resources by 100.0% during the 3rd 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. 88.12% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
Insider Buying and Selling at REX American Resources
In other REX American Resources news, CFO Douglas Bruggeman sold 5,086 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the transaction, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stuart A. Rose sold 15,186 shares of REX American Resources stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider directly owned 573,094 shares of the company’s stock, valued at $25,009,822.16. This represents a 2.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,086 shares of company stock valued at $4,643,829 over the last 90 days. 13.21% of the stock is currently owned by corporate insiders.
REX American Resources Stock Down 2.9%
Shares of REX stock opened at $45.43 on Friday. REX American Resources Corporation has a 12-month low of $24.88 and a 12-month high of $53.36. The company has a market capitalization of $1.50 billion, a PE ratio of 16.20 and a beta of 0.62. The firm has a 50 day moving average price of $46.10 and a two-hundred day moving average price of $41.80.
REX American Resources (NYSE:REX – Get Free Report) last posted its earnings results 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 company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.
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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