REX American Resources Corporation $REX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of REX American Resources Corporation (NYSE:REX) by 18.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,354 shares of the energy company’s stock after selling 4,668 shares during the quarter. SG Americas Securities LLC owned about 0.12% of REX American Resources worth $991,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in REX. Vanguard Group Inc. increased its stake in REX American Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,316,404 shares of the energy company’s stock worth $49,457,000 after acquiring an additional 11,785 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of REX American Resources by 9.7% during the 1st quarter. American Century Companies Inc. now owns 462,314 shares of the energy company’s stock worth $17,369,000 after purchasing an additional 40,693 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of REX American Resources by 22.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,692 shares of the energy company’s stock worth $6,939,000 after purchasing an additional 33,661 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in REX American Resources by 1.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 169,567 shares of the energy company’s stock valued at $6,371,000 after buying an additional 3,128 shares during the period. Finally, Nuveen LLC acquired a new position in REX American Resources in the first quarter valued at about $5,824,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of REX American Resources in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

REX American Resources Price Performance

Shares of REX American Resources stock opened at $31.80 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.56 and a beta of 0.72. The business has a 50-day moving average of $31.69 and a 200 day moving average of $27.84. REX American Resources Corporation has a 12 month low of $16.73 and a 12 month high of $33.97.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Wednesday, August 27th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. The company had revenue of $158.56 million for the quarter, compared to analyst estimates of $165.00 million. Equities research analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current year.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.