REX American Resources Corp. (NYSE:REX) Director Lawrence Tomchin sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $88.00, for a total value of $176,000.00. Following the completion of the transaction, the director now owns 132,380 shares of the company’s stock, valued at $11,649,440. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Lawrence Tomchin also recently made the following trade(s):

  • On Wednesday, October 5th, Lawrence Tomchin sold 2,000 shares of REX American Resources Corp. stock. The stock was sold at an average price of $86.00, for a total value of $172,000.00.
  • On Monday, October 3rd, Lawrence Tomchin sold 1,000 shares of REX American Resources Corp. stock. The stock was sold at an average price of $85.00, for a total value of $85,000.00.
  • On Friday, September 30th, Lawrence Tomchin sold 1,000 shares of REX American Resources Corp. stock. The stock was sold at an average price of $85.00, for a total value of $85,000.00.
  • On Wednesday, September 28th, Lawrence Tomchin sold 4,000 shares of REX American Resources Corp. stock. The stock was sold at an average price of $84.00, for a total value of $336,000.00.
  • On Monday, September 26th, Lawrence Tomchin sold 4,000 shares of REX American Resources Corp. stock. The stock was sold at an average price of $84.77, for a total value of $339,080.00.

REX American Resources Corp. (NYSE:REX) opened at 83.83 on Thursday. REX American Resources Corp. has a 52-week low of $44.48 and a 52-week high of $88.47. The stock’s 50 day moving average price is $83.50 and its 200-day moving average price is $65.29. The company has a market capitalization of $551.77 million, a P/E ratio of 25.50 and a beta of 1.79.

REX American Resources Corp. (NYSE:REX) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.13. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. The firm earned $115.70 million during the quarter, compared to analysts’ expectations of $109.09 million. Analysts predict that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for REX American Resources Corp. (NYSE:REX)

Hedge funds have recently modified their holdings of the company. Virginia Retirement System purchased a new stake in shares of REX American Resources Corp. during the first quarter valued at approximately $971,000. Prudential Financial Inc. boosted its stake in shares of REX American Resources Corp. by 115.6% in the first quarter. Prudential Financial Inc. now owns 60,320 shares of the company’s stock valued at $3,346,000 after buying an additional 32,337 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of REX American Resources Corp. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 374,543 shares of the company’s stock valued at $20,776,000 after buying an additional 1,857 shares during the last quarter. Menta Capital LLC boosted its stake in shares of REX American Resources Corp. by 50.8% in the first quarter. Menta Capital LLC now owns 27,014 shares of the company’s stock valued at $1,498,000 after buying an additional 9,100 shares during the last quarter. Finally, AXA boosted its stake in shares of REX American Resources Corp. by 216.2% in the first quarter. AXA now owns 21,396 shares of the company’s stock valued at $1,187,000 after buying an additional 14,630 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Separately, Feltl & Co. initiated coverage on REX American Resources Corp. in a research note on Thursday, September 15th. They issued a “buy” rating and a $94.50 price target for the company.

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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