REX American Resources (NYSE:REX) Shares Gap Down – Time to Sell?

Shares of REX American Resources Corporation (NYSE:REX) gapped down before the market opened on Monday . The stock had previously closed at $40.68, but opened at $38.80. REX American Resources shares last traded at $39.1650, with a volume of 15,429 shares.

Analyst Ratings Changes

REX has been the subject of several analyst reports. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $25.00.

REX American Resources Stock Performance

The company has a market capitalization of $1.30 billion, a PE ratio of 26.45 and a beta of 0.73. The firm has a fifty day simple moving average of $35.52 and a 200 day simple moving average of $33.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in REX. AQR Capital Management LLC boosted its holdings in shares of REX American Resources by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock valued at $3,619,000 after buying an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after acquiring an additional 390 shares in the last quarter. Empowered Funds LLC lifted its position in REX American Resources by 4.1% during the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock valued at $2,956,000 after acquiring an additional 3,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of REX American Resources by 74.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock valued at $3,090,000 after purchasing an additional 35,209 shares during the last quarter. Finally, Creative Planning raised its stake in REX American Resources by 42.7% in the second quarter. Creative Planning now owns 11,029 shares of the energy company’s stock valued at $537,000 after buying an additional 3,301 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

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.