Louisiana State Employees Retirement System Takes Position in REX American Resources Corporation $REX

Louisiana State Employees Retirement System purchased a new position in shares of REX American Resources Corporation (NYSE:REX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,600 shares of the energy company’s stock, valued at approximately $574,000.

Other large investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in 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 valued at $29,000 after purchasing an additional 704 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of 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 period. Simplex Trading LLC purchased a new stake in shares of REX American Resources in the fourth quarter valued at approximately $35,000. Parallel Advisors LLC grew its holdings in REX American Resources by 97.6% during the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after acquiring an additional 564 shares during the period. Finally, US Bancorp DE raised its position in REX American Resources by 100.0% in the third quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock worth $82,000 after acquiring an additional 1,340 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

REX opened at $46.09 on Wednesday. REX American Resources Corporation has a 1-year low of $24.88 and a 1-year high of $53.36. The stock has a market cap of $1.52 billion, a P/E ratio of 16.43 and a beta of 0.62. The stock’s 50 day simple moving average is $46.59 and its 200 day simple moving average is $40.68.

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

Insider Buying and Selling at REX American Resources

In other REX American Resources news, insider Stuart A. Rose sold 69,335 shares of REX American Resources stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the completion of the transaction, the insider owned 588,280 shares in the company, valued at approximately $25,749,015.60. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the sale, the chief financial officer directly owned 254,084 shares in the company, valued at $12,381,513.32. This trade represents a 1.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,086 shares of company stock valued at $4,643,829 in the last ninety days. Corporate insiders own 13.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources presently has an average rating of “Buy”.

About REX American Resources

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.