REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 4,608 shares of REX American Resources Corp. stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $86.37, for a total transaction of $397,992.96. Following the sale, the insider now directly owns 621,807 shares of the company’s stock, valued at approximately $53,705,470.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
REX American Resources Corp. (NYSE:REX) opened at 84.73 on Friday. REX American Resources Corp. has a one year low of $44.48 and a one year high of $87.19. The company’s 50-day moving average is $82.55 and its 200 day moving average is $64.64. The stock has a market capitalization of $557.69 million, a price-to-earnings ratio of 25.77 and a beta of 1.79.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.13. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. The business earned $115.70 million during the quarter, compared to analysts’ expectations of $109.09 million. Equities analysts expect that REX American Resources Corp. will post $3.81 EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in REX American Resources Corp. by 21.2% in the first quarter. Renaissance Technologies LLC now owns 449,600 shares of the company’s stock valued at $24,939,000 after buying an additional 78,700 shares during the period. BlackRock Fund Advisors boosted its stake in REX American Resources Corp. by 0.5% in the second quarter. BlackRock Fund Advisors now owns 376,533 shares of the company’s stock valued at $22,528,000 after buying an additional 1,990 shares during the period. Vanguard Group Inc. boosted its stake in REX American Resources Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 340,842 shares of the company’s stock valued at $20,392,000 after buying an additional 4,660 shares during the period. DNB Asset Management AS purchased a new stake in REX American Resources Corp. during the second quarter valued at $16,888,000. Finally, LSV Asset Management boosted its stake in REX American Resources Corp. by 15.9% in the second quarter. LSV Asset Management now owns 194,163 shares of the company’s stock valued at $11,616,000 after buying an additional 26,601 shares during the period. 95.28% of the stock is owned by institutional investors and hedge funds.
Separately, Feltl & Co. assumed coverage on shares of REX American Resources Corp. in a report on Thursday, September 15th. They set a “buy” rating and a $94.50 price objective on the stock.
About REX American Resources Corp.
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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