REX American Resources Corp. (NYSE:REX) Director Mervyn L. Alphonso sold 1,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $84.80, for a total value of $84,800.00. Following the completion of the sale, the director now owns 819 shares in the company, valued at approximately $69,451.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
REX American Resources Corp. (NYSE:REX) opened at 84.73 on Monday. The stock has a market cap of $557.69 million, a price-to-earnings ratio of 25.77 and a beta of 1.79. The stock’s 50 day moving average price is $82.55 and its 200 day moving average price is $64.64. REX American Resources Corp. has a 52 week low of $44.48 and a 52 week high of $87.19.
REX American Resources Corp. (NYSE:REX) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The firm had revenue of $115.70 million for the quarter, compared to analyst estimates of $109.09 million. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. On average, analysts forecast that REX American Resources Corp. will post $3.81 earnings per share for the current year.
Separately, Feltl & Co. initiated coverage on REX American Resources Corp. in a research note on Thursday, September 15th. They set a “buy” rating and a $94.50 price target on the stock.
Institutional investors have recently added to or reduced their stakes in the company. DNB Asset Management AS bought a new position in REX American Resources Corp. during the second quarter worth $16,888,000. GMT Capital Corp bought a new position in REX American Resources Corp. during the second quarter worth $7,407,000. Renaissance Technologies LLC raised its position 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 worth $24,939,000 after buying an additional 78,700 shares during the period. Emerald Acquisition Ltd. bought a new position in REX American Resources Corp. during the second quarter worth $4,499,000. Finally, AJO LP raised its position in REX American Resources Corp. by 111.5% in the second quarter. AJO LP now owns 70,089 shares of the company’s stock worth $4,193,000 after buying an additional 36,951 shares during the period. 95.28% of the stock is currently owned by institutional investors.
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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