Intech Investment Management LLC Boosts Stake in REX American Resources Corporation $REX

Intech Investment Management LLC grew its stake in REX American Resources Corporation (NYSE:REX) by 195.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,357 shares of the energy company’s stock after buying an additional 55,101 shares during the period. Intech Investment Management LLC’s holdings in REX American Resources were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of REX American Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after buying an additional 390 shares during the last quarter. Aquatic Capital Management LLC raised its holdings in shares of REX American Resources by 5.2% in the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock worth $280,000 after buying an additional 450 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of REX American Resources by 2.8% in the fourth quarter. Horizon Investments LLC now owns 18,810 shares of the energy company’s stock worth $608,000 after buying an additional 514 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of REX American Resources by 133.4% in the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after buying an additional 515 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after buying an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Buying and Selling at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00. Following the sale, the chief financial officer owned 259,170 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.21% of the stock is owned by insiders.

Analyst Ratings Changes

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

REX American Resources Price Performance

NYSE:REX opened at $48.02 on Wednesday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 17.12 and a beta of 0.61. REX American Resources Corporation has a 1-year low of $20.86 and a 1-year high of $53.36. The company’s fifty day moving average price is $46.38 and its 200-day moving average price is $38.58.

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

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.