Systematic Financial Management LP cut its position in shares of REX American Resources Corporation (NYSE:REX) by 5.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 122,554 shares of the company’s stock after selling 6,457 shares during the period. Systematic Financial Management LP’s holdings in REX American Resources Corporation were worth $12,102,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of REX. BlackRock Fund Advisors boosted its position in REX American Resources Corporation by 10.1% in the third quarter. BlackRock Fund Advisors now owns 414,525 shares of the company’s stock worth $35,135,000 after buying an additional 37,992 shares during the last quarter. State Street Corp boosted its position in REX American Resources Corporation by 29.8% in the fourth quarter. State Street Corp now owns 249,104 shares of the company’s stock worth $24,602,000 after buying an additional 57,241 shares during the last quarter. GMT Capital Corp acquired a new position in REX American Resources Corporation during the second quarter worth about $7,407,000. Matarin Capital Management LLC acquired a new position in REX American Resources Corporation during the third quarter worth about $6,064,000. Finally, Russell Investments Group Ltd. acquired a new position in REX American Resources Corporation during the fourth quarter worth about $4,224,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
REX American Resources Corporation (NYSE:REX) traded up 0.78% on Friday, reaching $85.01. The company’s stock had a trading volume of 15,243 shares. REX American Resources Corporation has a 52-week low of $48.29 and a 52-week high of $102.59. The stock has a market cap of $559.54 million, a price-to-earnings ratio of 23.95 and a beta of 2.06. The firm’s 50-day moving average price is $88.59 and its 200-day moving average price is $85.22.
REX American Resources Corporation (NYSE:REX) last released its earnings results on Tuesday, November 29th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.16. REX American Resources Corporation had a return on equity of 6.53% and a net margin of 5.38%. The firm earned $116.30 million during the quarter, compared to analysts’ expectations of $110.48 million. On average, equities analysts expect that REX American Resources Corporation will post $4.62 earnings per share for the current year.
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Separately, Feltl & Co. cut REX American Resources Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th.
In other news, CEO Zafar A. Rizvi sold 16,000 shares of the stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $95.65, for a total value of $1,530,400.00. Following the completion of the transaction, the chief executive officer now directly owns 43,162 shares in the company, valued at approximately $4,128,445.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence Tomchin sold 4,100 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $89.51, for a total value of $366,991.00. Following the completion of the transaction, the director now owns 117,819 shares of the company’s stock, valued at $10,545,978.69. The disclosure for this sale can be found here. Insiders have sold 86,152 shares of company stock valued at $8,375,308 over the last 90 days. Corporate insiders own 14.70% of the company’s stock.
REX American Resources Corporation Company Profile
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
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