Brown Advisory Inc. Sells 267,556 Shares of REX American Resources Corporation $REX

Brown Advisory Inc. trimmed its position in REX American Resources Corporation (NYSE:REX) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925,357 shares of the energy company’s stock after selling 267,556 shares during the quarter. Brown Advisory Inc. owned 2.81% of REX American Resources worth $29,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REX. Principal Financial Group Inc. grew its holdings in shares of REX American Resources by 112.9% during the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock worth $4,728,000 after purchasing an additional 81,869 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of REX American Resources during the 3rd quarter worth $2,341,000. JPMorgan Chase & Co. grew its holdings in shares of REX American Resources by 80.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock worth $5,285,000 after purchasing an additional 77,004 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of REX American Resources by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 93,306 shares of the energy company’s stock worth $2,857,000 after purchasing an additional 45,158 shares in the last quarter. Finally, South Dakota Investment Council grew its holdings in shares of REX American Resources by 36.4% during the 3rd quarter. South Dakota Investment Council now owns 151,205 shares of the energy company’s stock worth $4,630,000 after purchasing an additional 40,351 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Stock Down 2.4%

Shares of NYSE:REX opened at $42.88 on Tuesday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 15.29 and a beta of 0.61. REX American Resources Corporation has a 12-month low of $23.39 and a 12-month high of $53.36. The business’s 50 day moving average is $46.64 and its 200 day moving average is $39.45.

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, beating the consensus estimate 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 company had revenue of $156.50 million for the quarter, compared to analysts’ expectations of $167.23 million.

Insider Buying and Selling at REX American Resources

In other REX American Resources news, insider Stuart A. Rose sold 13,584 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $45.23, for a total value of $614,404.32. Following the transaction, the insider owned 627,149 shares of the company’s stock, valued at approximately $28,365,949.27. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total value of $247,840.78. Following the completion of the transaction, the chief financial officer directly owned 254,084 shares in the company, valued at approximately $12,381,513.32. This represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 22,565 shares of company stock worth $1,037,199. Insiders own 13.21% of the company’s stock.

Analyst Ratings Changes

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

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.