Arrowstreet Capital Limited Partnership Acquires 26,989 Shares of REX American Resources Corporation $REX

Key Points

• Arrowstreet Capital increased its REX American Resources stake by 6.4%, purchasing 26,989 shares in the first quarter. The fund now owns 447,642 shares, worth approximately $20.4 million, while institutional investors collectively own 88.12% of the company.
• REX American Resources reported first-quarter EPS of $0.56, beating the $0.14 analyst consensus, although revenue of $156.5 million fell short of the $167.23 million estimate. Weiss Ratings upgraded the stock to “buy (b),” and MarketBeat lists an overall “Buy” rating.
• The stock was trading at $43.69, with a $1.44 billion market capitalization and a 52-week range of $24.88 to $53.36. Meanwhile, company insiders sold 105,086 shares worth roughly $4.64 million during the latest quarter.

Arrowstreet Capital Limited Partnership raised its holdings in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 447,642 shares of the energy company's stock after buying an additional 26,989 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.36% of REX American Resources worth $20,399,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Hantz Financial Services Inc. increased its position in REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company's stock worth $29,000 after acquiring an additional 515 shares during the period. Rockefeller Capital Management L.P. raised its stake in REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company's stock valued at $29,000 after purchasing an additional 704 shares during the last quarter. Parallel Advisors LLC boosted its holdings in REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company's stock valued at $35,000 after purchasing an additional 564 shares during the period. Simplex Trading LLC bought a new stake in REX American Resources in the 4th quarter valued at $35,000. Finally, US Bancorp DE grew its position in REX American Resources by 100.0% in the 3rd quarter. US Bancorp DE now owns 2,680 shares of the energy company's stock worth $82,000 after purchasing an additional 1,340 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of REX American Resources from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".

REX American Resources Trading Up 3.5%

NYSE REX opened at $43.69 on Friday. REX American Resources Corporation has a 1-year low of $24.88 and a 1-year high of $53.36. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.58 and a beta of 0.62. The stock's 50 day moving average is $45.49 and its two-hundred day moving average is $42.19.

REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results 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. The business had revenue of $156.50 million during the quarter, compared to analysts' expectations of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Insiders Place Their Bets

In other REX American Resources news, insider Stuart A. Rose sold 15,186 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total transaction of $662,717.04. Following the completion of the transaction, the insider directly owned 573,094 shares in the company, valued at $25,009,822.16. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total value of $247,840.78. Following the transaction, the chief financial officer directly owned 254,084 shares of the company's stock, valued at approximately $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 105,086 shares of company stock worth $4,643,829 over the last quarter. Company insiders own 13.21% of the company's stock.

REX American Resources Company 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.

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