REX American Resources Corporation $REX Stock Position Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of REX American Resources Corporation (NYSE:REX) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,523,594 shares of the energy company’s stock after selling 72,036 shares during the quarter. Renaissance Technologies LLC’s holdings in REX American Resources were worth $69,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in REX American Resources by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock valued at $81,768,000 after acquiring an additional 93,312 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of REX American Resources by 89.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after purchasing an additional 1,015,668 shares during the last quarter. Mangrove Partners IM LLC raised its holdings in shares of REX American Resources by 92.8% during the 4th quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after purchasing an additional 488,682 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of REX American Resources by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock valued at $22,486,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of REX American Resources by 31.8% in the 4th quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock valued at $17,413,000 after purchasing an additional 129,911 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Stock Performance

Shares of REX stock opened at $44.40 on Monday. The stock’s 50 day simple moving average is $45.99 and its 200 day simple moving average is $41.89. REX American Resources Corporation has a twelve month low of $24.88 and a twelve month high of $53.36. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.83 and a beta of 0.62.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping 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%.

Insider Buying and Selling

In other news, insider Stuart A. Rose sold 69,335 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total value of $3,034,792.95. Following the completion of the sale, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the sale, the chief financial officer directly owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 105,086 shares of company stock worth $4,643,829. Insiders own 13.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, REX American Resources has an average rating of “Buy”.

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.