Connor Clark & Lunn Investment Management Ltd. Buys Shares of 33,618 REX American Resources Corporation $REX

Key Points

• Connor Clark & Lunn acquired 33,618 shares of REX American Resources in the second quarter, worth approximately $1.52 million. Institutional investors collectively own 88.12% of the company.
• REX reported quarterly EPS of $0.56, beating the $0.14 consensus estimate, while revenue of $156.5 million fell short of the $167.23 million forecast.
• The stock opened at $41.40, compared with a 52-week range of $30.02 to $53.36. Analysts maintain an overall “Buy” rating, though Weiss Ratings slightly downgraded its rating from “buy (b)” to “buy (b-).”

Connor Clark & Lunn Investment Management Ltd. bought a new position in REX American Resources Corporation (NYSE:REX - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 33,618 shares of the energy company's stock, valued at approximately $1,518,000. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of REX American Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in REX. Denali Advisors LLC purchased a new stake in REX American Resources in the second quarter worth about $1,211,000. Y Intercept Hong Kong Ltd purchased a new position in REX American Resources during the 1st quarter valued at about $1,800,000. Arrowstreet Capital Limited Partnership increased its position in REX American Resources by 6.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 447,642 shares of the energy company's stock valued at $20,399,000 after purchasing an additional 26,989 shares during the period. BlackRock Inc. bought a new stake in shares of REX American Resources in the 2nd quarter valued at about $255,640,000. Finally, Intech Investment Management LLC raised its holdings in shares of REX American Resources by 195.0% in the 4th quarter. Intech Investment Management LLC now owns 83,357 shares of the energy company's stock valued at $2,694,000 after purchasing an additional 55,101 shares in the last quarter. Institutional investors own 88.12% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, REX American Resources has an average rating of "Buy".

REX American Resources Price Performance

Shares of NYSE REX opened at $41.40 on Friday. REX American Resources Corporation has a 1-year low of $30.02 and a 1-year high of $53.36. The business has a fifty day moving average price of $44.47 and a 200 day moving average price of $43.51. The stock has a market capitalization of $1.36 billion, a P/E ratio of 14.76 and a beta of 0.64.

REX American Resources (NYSE:REX - Get Free Report) last posted its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.42. The company had revenue of $156.50 million for the quarter, compared to analyst estimates of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Insider Activity

In other news, insider Stuart A. Rose sold 15,186 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider directly owned 573,094 shares in the company, valued at approximately $25,009,822.16. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the transaction, the chief financial officer directly owned 254,084 shares in the company, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 105,086 shares of company stock valued at $4,643,829. Insiders own 13.21% of the company's stock.

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.

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