Invesco Ltd. Sells 4,186 Shares of REX American Resources Corporation $REX

Key Points

• Invesco Ltd. reduced its stake in REX American Resources Corporation by 1.8%, holding 230,277 shares valued at approximately $8.65 million after selling 4,186 shares in the first quarter.
• The energy company reported $0.51 earnings per share for the last quarter, exceeding analysts' expectations of $0.34, although its revenue was slightly below estimates at $158.34 million.
• Currently, 88.12% of REX American Resources' stock is owned by institutional investors and hedge funds, highlighting substantial interest from major financial players.

Invesco Ltd. trimmed its stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,277 shares of the energy company's stock after selling 4,186 shares during the quarter. Invesco Ltd. owned 1.39% of REX American Resources worth $8,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Alps Advisors Inc. raised its stake in REX American Resources by 1.2% during the 1st quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock valued at $912,000 after acquiring an additional 292 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 purchasing an additional 323 shares during the period. SummerHaven Investment Management LLC lifted 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 purchasing an additional 345 shares during the period. CWM LLC raised its position in shares of REX American Resources by 139.8% in the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after buying an additional 1,160 shares during the period. Finally, State of Wyoming raised its position in shares of REX American Resources by 67.3% in the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after buying an additional 1,454 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Price Performance

NYSE REX traded up $3.32 during trading hours on Thursday, hitting $64.16. The company had a trading volume of 158,261 shares, compared to its average volume of 95,544. The firm's 50 day moving average is $53.74 and its 200 day moving average is $44.98. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.75 and a beta of 0.58. REX American Resources Corporation has a fifty-two week low of $33.45 and a fifty-two week high of $64.95.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The energy company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. The business had revenue of $158.56 million during the quarter, compared to the consensus estimate of $165.00 million. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%. On average, equities analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.

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.