Royce & Associates LP Sells 16,206 Shares of REX American Resources Corporation $REX

Royce & Associates LP reduced its stake in shares of REX American Resources Corporation (NYSE:REX) by 29.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,844 shares of the energy company’s stock after selling 16,206 shares during the period. Royce & Associates LP’s holdings in REX American Resources were worth $1,255,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of REX. Vanguard Group Inc. raised its holdings in REX American Resources by 101.0% during the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock valued at $74,610,000 after buying an additional 1,224,274 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in REX American Resources by 89.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after buying an additional 1,015,668 shares in the last quarter. M&T Bank Corp bought a new position in REX American Resources during the fourth quarter valued at about $17,199,000. Mangrove Partners IM LLC bought a new position in REX American Resources during the third quarter valued at about $16,123,000. Finally, American Century Companies Inc. raised its holdings in REX American Resources by 88.0% during the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after buying an additional 386,947 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

Insider Transactions at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the transaction, the chief financial officer directly owned 259,170 shares in the company, valued at $11,776,684.80. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 13.21% of the stock is owned by corporate insiders.

REX American Resources Stock Performance

REX American Resources stock opened at $46.50 on Friday. The business’s 50-day simple moving average is $46.21 and its 200-day simple moving average is $38.43. The firm has a market capitalization of $1.53 billion, a PE ratio of 16.58 and a beta of 0.63. REX American Resources Corporation has a 52 week low of $19.99 and a 52 week high of $53.36.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.42. The business had revenue of $156.50 million for the quarter, compared to analyst estimates of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.