REX American Resources Corp. (NYSE:REX) issued its quarterly earnings data on Tuesday. The company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.16. The firm had revenue of $116.30 million for the quarter, compared to the consensus estimate of $110.48 million. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%.

REX American Resources Corp. (NYSE:REX) traded up 1.40% during trading on Tuesday, reaching $90.60. 18,335 shares of the company’s stock traded hands. The company has a market capitalization of $596.33 million, a price-to-earnings ratio of 27.55 and a beta of 2.06. REX American Resources Corp. has a 12 month low of $44.48 and a 12 month high of $90.90. The firm’s 50 day moving average is $83.03 and its 200-day moving average is $72.21.

Earnings History for REX American Resources Corp. (NYSE:REX)

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In other news, CFO Douglas Bruggeman sold 1,500 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. Following the sale, the chief financial officer now owns 33,651 shares in the company, valued at approximately $2,860,335. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stuart A. Rose sold 10,524 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $85.95, for a total transaction of $904,537.80. Following the completion of the sale, the insider now owns 656,622 shares in the company, valued at approximately $56,436,660.90. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of REX. Alliancebernstein L.P. increased its stake in shares of REX American Resources Corp. by 327.1% in the second quarter. Alliancebernstein L.P. now owns 38,010 shares of the company’s stock valued at $2,274,000 after buying an additional 29,110 shares in the last quarter. Morgan Stanley increased its position in shares of REX American Resources Corp. by 487.0% in the third quarter. Morgan Stanley now owns 19,161 shares of the company’s stock valued at $1,625,000 after buying an additional 15,897 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of REX American Resources Corp. by 33.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 35,142 shares of the company’s stock valued at $2,979,000 after buying an additional 8,786 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of REX American Resources Corp. by 5.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 148,432 shares of the company’s stock valued at $8,881,000 after buying an additional 7,051 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of REX American Resources Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 340,842 shares of the company’s stock valued at $20,392,000 after buying an additional 4,660 shares during the period. Institutional investors own 93.14% of the company’s stock.

Separately, Feltl & Co. began coverage on shares of REX American Resources Corp. in a research report on Thursday, September 15th. They issued a “buy” rating and a $94.50 price objective on the stock.

REX American Resources Corp. Company Profile

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).

5 Day Chart for NYSE:REX

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