Brown Advisory Inc. bought a new position in REX American Resources Corp (NYSE:REX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 96,798 shares of the energy company’s stock, valued at approximately $8,014,000.
Several other hedge funds also recently added to or reduced their stakes in REX. Alambic Investment Management L.P. purchased a new stake in REX American Resources during the fourth quarter valued at $203,000. Unison Advisors LLC purchased a new stake in REX American Resources during the fourth quarter valued at $254,000. BNP Paribas Arbitrage SA raised its stake in REX American Resources by 48.3% during the third quarter. BNP Paribas Arbitrage SA now owns 2,916 shares of the energy company’s stock valued at $274,000 after purchasing an additional 950 shares in the last quarter. Bessemer Group Inc. purchased a new stake in REX American Resources during the third quarter valued at $310,000. Finally, The Manufacturers Life Insurance Company raised its stake in REX American Resources by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,537 shares of the energy company’s stock valued at $438,000 after purchasing an additional 133 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of REX American Resources Corp (NYSE:REX) opened at $83.42 on Tuesday. The stock has a market cap of $547.80, a price-to-earnings ratio of 16.65 and a beta of 1.47. REX American Resources Corp has a 12 month low of $72.71 and a 12 month high of $107.87.
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About REX American Resources
Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, 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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