REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 6,005 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $85.85, for a total transaction of $515,529.25. Following the completion of the transaction, the insider now directly owns 628,376 shares in the company, valued at $53,946,079.60. The sale was disclosed in a document filed with the SEC, which is available at this link.
REX American Resources Corp. (NYSE:REX) opened at 86.01 on Tuesday. The stock has a market capitalization of $566.12 million, a price-to-earnings ratio of 26.16 and a beta of 1.79. The company has a 50-day moving average of $82.92 and a 200-day moving average of $65.02. REX American Resources Corp. has a 52 week low of $44.48 and a 52 week high of $88.47.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $109.09 million. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. Analysts anticipate that REX American Resources Corp. will post $3.81 earnings per share for the current year.
Separately, Feltl & Co. assumed coverage on shares of REX American Resources Corp. in a research note on Thursday, September 15th. They issued a “buy” rating and a $94.50 price target on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of REX. Virginia Retirement System acquired a new position in REX American Resources Corp. during the first quarter worth approximately $971,000. Prudential Financial Inc. raised its position in REX American Resources Corp. by 115.6% in the first quarter. Prudential Financial Inc. now owns 60,320 shares of the company’s stock worth $3,346,000 after buying an additional 32,337 shares in the last quarter. BlackRock Fund Advisors raised its position in REX American Resources Corp. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 374,543 shares of the company’s stock worth $20,776,000 after buying an additional 1,857 shares in the last quarter. Menta Capital LLC raised its position in REX American Resources Corp. by 50.8% in the first quarter. Menta Capital LLC now owns 27,014 shares of the company’s stock worth $1,498,000 after buying an additional 9,100 shares in the last quarter. Finally, AXA raised its position in REX American Resources Corp. by 216.2% in the first quarter. AXA now owns 21,396 shares of the company’s stock worth $1,187,000 after buying an additional 14,630 shares in the last quarter. Institutional investors own 95.28% of the company’s 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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