SG Americas Securities LLC Buys 16,869 Shares of REX American Resources Corporation $REX

SG Americas Securities LLC grew its holdings in REX American Resources Corporation (NYSE:REX) by 223.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,410 shares of the energy company’s stock after acquiring an additional 16,869 shares during the period. SG Americas Securities LLC’s holdings in REX American Resources were worth $789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in REX American Resources by 112.9% in the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock worth $4,728,000 after buying an additional 81,869 shares during the period. AWH Capital L.P. purchased a new stake in REX American Resources in the 2nd quarter worth approximately $1,461,000. American Century Companies Inc. lifted its holdings in REX American Resources by 88.0% in the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after buying an additional 386,947 shares during the period. Tudor Investment Corp ET AL purchased a new stake in REX American Resources in the 3rd quarter worth approximately $2,341,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in REX American Resources in the 3rd quarter worth approximately $931,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, REX American Resources presently has a consensus rating of “Buy”.

REX American Resources Stock Down 0.1%

REX opened at $44.26 on Friday. The stock has a market cap of $1.46 billion, a PE ratio of 17.70 and a beta of 0.61. The business has a 50 day moving average of $38.68 and a 200-day moving average of $34.75. REX American Resources Corporation has a 52 week low of $18.65 and a 52 week high of $48.66.

REX American Resources (NYSE:REX) last released its earnings results on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $1.18. The company had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $162.00 million. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%. Equities analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.

Insider Activity at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total value of $90,880.00. Following the completion of the transaction, the chief financial officer owned 259,170 shares in the company, valued at $11,776,684.80. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.91% of the stock is currently owned by insiders.

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.