REX American Resources Corp. (REX) Sees Large Volume Increase
Shares of REX American Resources Corp. (NYSE:REX) saw unusually-high trading volume on Monday . Approximately 89,613 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 72,338 shares.The stock last traded at $68.52 and had previously closed at $67.93.
The company has a market cap of $450.28 million and a P/E ratio of 15.81. The firm’s 50 day moving average is $62.22 and its 200-day moving average is $56.02.
REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings data on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.58. The firm earned $100.20 million during the quarter, compared to the consensus estimate of $105.02 million. Equities research analysts predict that REX American Resources Corp. will post $3.81 earnings per share for the current year.
In other news, Director Lawrence Tomchin sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the completion of the transaction, the director now owns 149,938 shares in the company, valued at approximately $8,996,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several institutional investors recently made changes to their positions in REX. First Trust Advisors LP bought a new position in shares of REX American Resources Corp. during the fourth quarter valued at $2,757,000. Schroder Investment Management Group boosted its position in shares of REX American Resources Corp. by 219.4% in the fourth quarter. Schroder Investment Management Group now owns 270,831 shares of the company’s stock valued at $14,644,000 after buying an additional 186,031 shares during the last quarter. Marshall Wace LLP boosted its position in shares of REX American Resources Corp. by 4.2% in the fourth quarter. Marshall Wace LLP now owns 52,978 shares of the company’s stock valued at $2,865,000 after buying an additional 2,121 shares during the last quarter. Finally, Matarin Capital Management LLC bought a new position in shares of REX American Resources Corp. during the fourth quarter valued at $4,158,000.
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
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