Russell Investments Group Ltd. Has $1.34 Million Stake in REX American Resources Corp (NYSE:REX)

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Russell Investments Group Ltd. trimmed its holdings in shares of REX American Resources Corp (NYSE:REX) by 50.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,310 shares of the energy company’s stock after selling 18,803 shares during the period. Russell Investments Group Ltd. owned 0.29% of REX American Resources worth $1,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its stake in shares of REX American Resources by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 3,866 shares of the energy company’s stock valued at $312,000 after buying an additional 140 shares during the period. Comerica Bank increased its stake in shares of REX American Resources by 3.0% in the 1st quarter. Comerica Bank now owns 5,686 shares of the energy company’s stock valued at $473,000 after buying an additional 164 shares during the period. Swiss National Bank increased its stake in shares of REX American Resources by 1.9% in the 2nd quarter. Swiss National Bank now owns 10,600 shares of the energy company’s stock valued at $773,000 after buying an additional 200 shares during the period. First Trust Advisors LP increased its stake in shares of REX American Resources by 2.0% in the 1st quarter. First Trust Advisors LP now owns 10,472 shares of the energy company’s stock valued at $844,000 after buying an additional 206 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of REX American Resources by 31.8% in the 2nd quarter. New York State Teachers Retirement System now owns 3,318 shares of the energy company’s stock valued at $242,000 after buying an additional 800 shares during the period. 87.36% of the stock is owned by institutional investors.

In other news, Director Mervyn L. Alphonso sold 764 shares of REX American Resources stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $77.85, for a total value of $59,477.40. Following the completion of the sale, the director now directly owns 1,005 shares of the company’s stock, valued at approximately $78,239.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.40% of the stock is currently owned by company insiders.

Shares of NYSE REX traded up $0.39 during midday trading on Friday, hitting $76.84. The stock had a trading volume of 54,525 shares, compared to its average volume of 44,955. The company’s 50-day simple moving average is $72.96 and its 200 day simple moving average is $76.80. The firm has a market cap of $488.86 million, a P/E ratio of 27.35 and a beta of 0.92. REX American Resources Corp has a fifty-two week low of $61.71 and a fifty-two week high of $89.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 11.63 and a quick ratio of 10.64.

REX American Resources (NYSE:REX) last released its earnings results on Thursday, August 29th. The energy company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.83). The firm had revenue of $105.87 million during the quarter. REX American Resources had a net margin of 4.02% and a return on equity of 4.02%.

Separately, TheStreet cut REX American Resources from a “b-” rating to a “c+” rating in a research note on Thursday, June 13th.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.

Further Reading: Overbought

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Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

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