Stuart Rose Sells 69,335 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 69,335 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the transaction, the insider owned 588,280 shares in the company, valued at $25,749,015.60. This represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

REX American Resources Price Performance

REX stock opened at $43.83 on Friday. The stock has a market capitalization of $1.44 billion, a PE ratio of 15.62 and a beta of 0.61. The company’s 50-day moving average is $46.53 and its 200-day moving average is $39.70. REX American Resources Corporation has a 1 year low of $23.82 and a 1 year high of $53.36.

REX American Resources (NYSE:REX) last issued its earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.42. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.The business had revenue of $156.50 million during the quarter, compared to analyst estimates of $167.23 million.

Institutional Trading of REX American Resources

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of REX American Resources by 29.2% during the first quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock valued at $3,619,000 after purchasing an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in REX American Resources by 4.4% in the 1st 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. Empowered Funds LLC increased its stake in REX American Resources by 4.1% in the 1st quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock valued at $2,956,000 after buying an additional 3,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in REX American Resources by 74.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock valued at $3,090,000 after buying an additional 35,209 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in REX American Resources by 55.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock valued at $4,657,000 after buying an additional 34,030 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.