Nuveen Asset Management LLC Sells 129,963 Shares of REX American Resources Co. (NYSE:REX)

Nuveen Asset Management LLC reduced its stake in REX American Resources Co. (NYSE:REX - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,502 shares of the energy company's stock after selling 129,963 shares during the period. Nuveen Asset Management LLC owned about 0.51% of REX American Resources worth $3,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its position in REX American Resources by 2.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company's stock valued at $364,000 after buying an additional 245 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in REX American Resources by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock worth $366,000 after acquiring an additional 323 shares during the last quarter. New York State Teachers Retirement System increased its holdings in REX American Resources by 5.4% in the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company's stock worth $491,000 after purchasing an additional 600 shares in the last quarter. AlphaQuest LLC bought a new position in REX American Resources in the fourth quarter valued at about $46,000. Finally, Victory Capital Management Inc. boosted its stake in shares of REX American Resources by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock valued at $3,515,000 after purchasing an additional 1,221 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial reaffirmed a "buy" rating and set a $50.00 price target (down previously from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

REX American Resources Stock Up 3.8%

REX American Resources stock traded up $1.57 during mid-day trading on Tuesday, hitting $43.27. 93,899 shares of the stock were exchanged, compared to its average volume of 142,418. The stock has a market capitalization of $718.91 million, a price-to-earnings ratio of 11.33 and a beta of 0.51. REX American Resources Co. has a 12 month low of $33.45 and a 12 month high of $52.00. The firm's fifty day simple moving average is $39.96 and its two-hundred day simple moving average is $40.65.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.34 million during the quarter, compared to the consensus estimate of $161.00 million. As a group, analysts forecast that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 26th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the energy company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.