REX American Resources Corporation $REX Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP cut its holdings in REX American Resources Corporation (NYSE:REX) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,187,317 shares of the energy company’s stock after selling 143,072 shares during the period. Systematic Financial Management LP owned about 3.60% of REX American Resources worth $38,374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after buying an additional 564 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in REX American Resources by 59.2% in the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock valued at $76,000 after buying an additional 921 shares in the last quarter. US Bancorp DE raised its stake in REX American Resources by 100.0% in the third quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock valued at $82,000 after buying an additional 1,340 shares in the last quarter. State of Wyoming acquired a new stake in REX American Resources in the second quarter valued at $140,000. Finally, Tower Research Capital LLC TRC raised its stake in REX American Resources by 492.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,790 shares of the energy company’s stock valued at $185,000 after buying an additional 3,150 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Stock Performance

Shares of REX stock opened at $49.00 on Friday. The stock’s 50-day moving average is $45.43 and its two-hundred day moving average is $37.86. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 19.60 and a beta of 0.63. REX American Resources Corporation has a 1 year low of $19.44 and a 1 year high of $53.36.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Thursday, March 26th. The energy company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $1.18. The company had revenue of $157.96 million for the quarter, compared to analyst estimates of $162.00 million. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.

Insider Activity

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

REX American Resources Company Profile

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.