Intech Investment Management LLC Purchases 55,101 Shares of REX American Resources Corporation $REX

Intech Investment Management LLC boosted its position in shares of REX American Resources Corporation (NYSE:REX) by 195.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,357 shares of the energy company’s stock after purchasing an additional 55,101 shares during the period. Intech Investment Management LLC owned about 0.25% of REX American Resources worth $2,694,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after purchasing an additional 515 shares during the last quarter. Parallel Advisors LLC grew its holdings in REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in REX American Resources by 59.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after acquiring an additional 921 shares in the last quarter. US Bancorp DE grew its stake in REX American Resources by 100.0% in the 3rd 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. Finally, State of Wyoming purchased a new position in shares of REX American Resources during the second quarter worth approximately $140,000. 88.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, REX American Resources presently has a consensus rating of “Hold”.

Insider Buying and Selling at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total value of $90,880.00. Following the completion of the sale, the chief financial officer owned 259,170 shares of the company’s stock, valued at approximately $11,776,684.80. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.21% of the company’s stock.

REX American Resources Stock Performance

Shares of REX opened at $48.02 on Wednesday. The company has a 50 day moving average price of $46.38 and a 200-day moving average price of $38.58. REX American Resources Corporation has a fifty-two week low of $20.86 and a fifty-two week high of $53.36. The stock has a market capitalization of $1.58 billion, a PE ratio of 17.12 and a beta of 0.61.

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

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.