12,218 Shares in REX American Resources Corporation $REX Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in REX American Resources Corporation (NYSE:REX) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 12,218 shares of the energy company’s stock, valued at approximately $552,000.

Several other large investors also recently bought and sold shares of REX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of REX American Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after purchasing an additional 390 shares in the last quarter. Aquatic Capital Management LLC raised its stake in REX American Resources by 5.2% in the 3rd quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock valued at $280,000 after purchasing an additional 450 shares during the last quarter. Barclays PLC lifted its holdings in REX American Resources by 0.6% in the 4th quarter. Barclays PLC now owns 83,598 shares of the energy company’s stock valued at $2,702,000 after purchasing an additional 493 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in REX American Resources by 133.4% in the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after purchasing an additional 515 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after purchasing an additional 564 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other REX American Resources news, insider Stuart Rose sold 69,335 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 588,280 shares in the company, valued at $25,749,015.60. The trade was a 10.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 86,416 shares of company stock valued at $3,781,584. Insiders own 13.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on REX. Wall Street Zen raised shares of REX American Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings cut shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

REX American Resources Stock Up 0.1%

NYSE REX opened at $41.51 on Monday. REX American Resources Corporation has a 52 week low of $30.02 and a 52 week high of $53.36. The business’s fifty day simple moving average is $44.29 and its 200-day simple moving average is $43.84. The firm has a market cap of $1.38 billion, a PE ratio of 11.37 and a beta of 0.63.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Wednesday, September 2nd. The energy company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.64. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%. The firm had revenue of $168.49 million during the quarter, compared to analyst estimates of $194.81 million.

REX American Resources 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.