REX American Resources Corporation $REX Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in REX American Resources by 28.2%, selling 11,411 shares and owning 29,124 shares valued at around $1,094,000.
• Several other investors, including CWM LLC and Alps Advisors Inc., adjusted their stakes in REX American Resources during the same period, with institutional investors now owning 88.12% of the company's stock.
• REX American Resources reported a quarterly earnings per share of $0.43, surpassing analysts' expectations, but it recorded revenues below the forecast at $158.56 million.

Russell Investments Group Ltd. reduced its stake in REX American Resources Corporation (NYSE:REX - Free Report) by 28.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,124 shares of the energy company's stock after selling 11,411 shares during the period. Russell Investments Group Ltd. owned 0.18% of REX American Resources worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of REX. CWM LLC grew its position in shares of REX American Resources by 139.8% during the first quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after acquiring an additional 1,160 shares during the last quarter. State of Wyoming grew its position in shares of REX American Resources by 67.3% during the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after acquiring an additional 1,454 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of REX American Resources during the fourth quarter worth approximately $200,000. South Dakota Investment Council purchased a new position in shares of REX American Resources during the first quarter worth approximately $210,000. Finally, First Trust Advisors LP purchased a new position in shares of REX American Resources during the fourth quarter worth approximately $244,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Price Performance

Shares of REX traded down $0.83 during mid-day trading on Wednesday, reaching $61.86. 130,319 shares of the company's stock were exchanged, compared to its average volume of 96,129. The stock has a market capitalization of $1.02 billion, a PE ratio of 20.97 and a beta of 0.66. The business's fifty day simple moving average is $54.82 and its 200-day simple moving average is $45.53. REX American Resources Corporation has a 52-week low of $33.45 and a 52-week high of $64.95.

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