Brown Advisory Inc. Reduces Holdings in REX American Resources Corporation $REX

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

A number of other institutional investors have also recently made changes to their positions in the company. Rafferty Asset Management LLC lifted its position in shares of REX American Resources by 11.2% during the 4th quarter. Rafferty Asset Management LLC now owns 17,007 shares of the energy company’s stock valued at $550,000 after buying an additional 1,709 shares during the last quarter. First Trust Advisors LP lifted its position in shares of REX American Resources by 6.0% during the 4th quarter. First Trust Advisors LP now owns 11,172 shares of the energy company’s stock valued at $361,000 after buying an additional 630 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of REX American Resources by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 473,821 shares of the energy company’s stock valued at $15,314,000 after purchasing an additional 35,530 shares during the period. Van ECK Associates Corp bought a new stake in shares of REX American Resources during the 4th quarter valued at $494,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of REX American Resources during the 4th quarter valued at $318,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Transactions at REX American Resources

In other news, insider Stuart A. Rose sold 13,584 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $45.23, for a total value of $614,404.32. Following the completion of the transaction, the insider directly owned 627,149 shares in the company, valued at approximately $28,365,949.27. This represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction dated 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 owned 254,084 shares of the company’s stock, valued at $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,565 shares of company stock valued at $1,037,199 over the last quarter. Company insiders own 13.21% of the company’s stock.

REX American Resources Stock Down 2.4%

Shares of NYSE REX opened at $42.88 on Tuesday. The stock’s 50-day simple moving average is $46.64 and its two-hundred day simple moving average is $39.45. REX American Resources Corporation has a twelve month low of $23.39 and a twelve month high of $53.36. The firm has a market capitalization of $1.41 billion, a P/E ratio of 15.29 and a beta of 0.61.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $156.50 million during the quarter, compared to analysts’ expectations of $167.23 million.

Analyst Ratings Changes

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