REX American Resources Corporation $REX Shares Sold by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its stake in REX American Resources by 34.5%, now holding 71,480 shares worth approximately $2.69 million.
• Institutional investors control 88.12% of REX stock, with CWM LLC and State of Wyoming notably increasing their holdings by 139.8% and 67.3% respectively.
• REX American Resources reported a $0.43 earnings per share, surpassing analyst expectations of $0.38, despite revenues falling slightly short of projections at $158.56 million.

Panagora Asset Management Inc. reduced its stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 34.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,480 shares of the energy company's stock after selling 37,711 shares during the period. Panagora Asset Management Inc. owned approximately 0.43% of REX American Resources worth $2,686,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its stake in shares of REX American Resources by 1.2% during the 1st quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock worth $912,000 after acquiring an additional 292 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in REX American Resources by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock valued at $366,000 after purchasing an additional 323 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of REX American Resources by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 17,792 shares of the energy company's stock worth $668,000 after buying an additional 345 shares during the last quarter. Ieq Capital LLC boosted its position in shares of REX American Resources by 6.9% in the 1st quarter. Ieq Capital LLC now owns 6,586 shares of the energy company's stock worth $247,000 after buying an additional 424 shares in the last quarter. Finally, CWM LLC grew its stake in REX American Resources by 139.8% in the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock valued at $75,000 after acquiring an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Price Performance

REX traded down $1.83 during midday trading on Friday, reaching $61.77. 178,538 shares of the company's stock were exchanged, compared to its average volume of 103,943. REX American Resources Corporation has a 1-year low of $33.45 and a 1-year high of $64.95. The stock has a market capitalization of $1.02 billion, a PE ratio of 20.94 and a beta of 0.66. The business's 50-day moving average price is $55.36 and its 200 day moving average price is $45.79.

REX American Resources (NYSE:REX - Get Free Report) last posted its earnings results on Wednesday, August 27th. The energy company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. The firm had revenue of $158.56 million for the quarter, compared to analyst estimates of $165.00 million. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%. As a group, analysts expect that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

REX American Resources Company Profile

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.