Royce & Associates LP Has $1.26 Million Stock Holdings in REX American Resources Corporation $REX

Royce & Associates LP lessened its holdings in REX American Resources Corporation (NYSE:REX) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,844 shares of the energy company’s stock after selling 16,206 shares during the period. Royce & Associates LP owned about 0.12% of REX American Resources worth $1,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of REX American Resources by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock worth $81,768,000 after buying an additional 93,312 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of REX American Resources by 89.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after buying an additional 1,015,668 shares during the period. American Century Companies Inc. boosted its position in shares of REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after buying an additional 386,947 shares during the period. M&T Bank Corp acquired a new stake in shares of REX American Resources in the fourth quarter worth $17,199,000. Finally, Mangrove Partners IM LLC acquired a new stake in shares of REX American Resources in the third quarter worth $16,123,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insider Transactions at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction 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 trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.21% of the company’s stock.

REX American Resources Trading Down 3.7%

REX opened at $46.50 on Friday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 16.58 and a beta of 0.63. REX American Resources Corporation has a 1 year low of $19.99 and a 1 year high of $53.36. The stock has a fifty day moving average price of $46.21 and a 200 day moving average price of $38.43.

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

Analyst Upgrades and Downgrades

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

About REX American Resources

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.