Old Mutual Global Investors UK Ltd. increased its position in REX American Resources Corporation (NYSE:REX) by 1,198.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,931 shares of the energy company’s stock after buying an additional 11,012 shares during the quarter. Old Mutual Global Investors UK Ltd. owned about 0.18% of REX American Resources Corporation worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of REX. Teachers Advisors LLC raised its position in shares of REX American Resources Corporation by 2.9% in the 4th quarter. Teachers Advisors LLC now owns 9,816 shares of the energy company’s stock worth $969,000 after buying an additional 279 shares during the period. Wells Fargo & Company MN raised its position in shares of REX American Resources Corporation by 26.8% in the 1st quarter. Wells Fargo & Company MN now owns 58,710 shares of the energy company’s stock worth $5,313,000 after buying an additional 12,397 shares during the period. Great West Life Assurance Co. Can raised its position in shares of REX American Resources Corporation by 7.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,325 shares of the energy company’s stock worth $753,000 after buying an additional 575 shares during the period. Bank of New York Mellon Corp raised its position in shares of REX American Resources Corporation by 15.7% in the 1st quarter. Bank of New York Mellon Corp now owns 91,273 shares of the energy company’s stock worth $8,260,000 after buying an additional 12,358 shares during the period. Finally, Comerica Bank raised its position in shares of REX American Resources Corporation by 3.8% in the 1st quarter. Comerica Bank now owns 6,247 shares of the energy company’s stock worth $602,000 after buying an additional 227 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Old Mutual Global Investors UK Ltd. Raises Position in REX American Resources Corporation (REX)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/09/10/old-mutual-global-investors-uk-ltd-raises-position-in-rex-american-resources-corporation-rex.html.

Separately, BidaskClub lowered REX American Resources Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th.

REX American Resources Corporation (REX) opened at 85.51 on Friday. The firm has a 50-day moving average price of $93.99 and a 200 day moving average price of $92.34. The stock has a market capitalization of $560.77 million, a price-to-earnings ratio of 16.56 and a beta of 1.64. REX American Resources Corporation has a 52-week low of $76.10 and a 52-week high of $107.87.

REX American Resources Corporation (NYSE:REX) last posted its quarterly earnings results on Wednesday, August 30th. The energy company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.12 by $0.67. REX American Resources Corporation had a net margin of 6.26% and a return on equity of 7.41%. The company had revenue of $108.74 million for the quarter. On average, equities research analysts predict that REX American Resources Corporation will post $4.53 EPS for the current year.

About REX American Resources Corporation

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).

Institutional Ownership by Quarter for REX American Resources Corporation (NYSE:REX)

Receive News & Stock Ratings for REX American Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources Corporation and related stocks with our FREE daily email newsletter.