Russell Investments Group Ltd. increased its stake in shares of REX American Resources Corp (NYSE:REX) by 220.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 58,662 shares of the energy company’s stock after acquiring an additional 40,352 shares during the period. Russell Investments Group Ltd. owned 0.93% of REX American Resources worth $4,477,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in REX American Resources by 91.4% in the 2nd quarter. Bank of Montreal Can now owns 999 shares of the energy company’s stock valued at $73,000 after buying an additional 477 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in REX American Resources in the 3rd quarter valued at approximately $76,000. Pacer Advisors Inc. grew its holdings in REX American Resources by 102.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,517 shares of the energy company’s stock valued at $183,000 after buying an additional 1,274 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in REX American Resources in the 2nd quarter valued at approximately $185,000. Finally, State of Tennessee Treasury Department grew its holdings in REX American Resources by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 2,597 shares of the energy company’s stock valued at $198,000 after buying an additional 204 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.
REX opened at $89.24 on Tuesday. The firm has a market capitalization of $552.36 million, a P/E ratio of 30.91 and a beta of 0.84. The stock’s 50 day moving average price is $80.23 and its two-hundred day moving average price is $76.21. The company has a quick ratio of 10.64, a current ratio of 11.63 and a debt-to-equity ratio of 0.03. REX American Resources Corp has a 12-month low of $61.71 and a 12-month high of $92.19.
In other REX American Resources news, Director Mervyn L. Alphonso sold 764 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $77.85, for a total value of $59,477.40. Following the completion of the sale, the director now owns 1,005 shares in the company, valued at approximately $78,239.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.40% of the stock is currently owned by company insiders.
REX American Resources Profile
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.
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