Trexquant Investment LP Reduces Position in REX American Resources Corporation $REX

Key Points

• Trexquant Investment LP reduced its stake in REX American Resources by 21.3%, now holding 55,931 shares worth approximately $2.1 million.
• Institutional investors control 88.12% of REX American Resources, with notable increases in holdings from Ieq Capital LLC and American Century Companies Inc. during the first quarter.
• REX American Resources reported a net margin of 7.91% and earnings per share of $0.43, exceeding analysts' estimates of $0.38.

Trexquant Investment LP decreased its stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 21.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,931 shares of the energy company's stock after selling 15,106 shares during the period. Trexquant Investment LP owned about 0.34% of REX American Resources worth $2,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its position in REX American Resources by 7.7% during the first quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock valued at $27,625,000 after purchasing an additional 52,737 shares during the period. Charles Schwab Investment Management Inc. lifted its position in REX American Resources by 22.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 184,692 shares of the energy company's stock valued at $6,939,000 after purchasing an additional 33,661 shares during the period. SG Americas Securities LLC lifted its position in REX American Resources by 340.4% during the first quarter. SG Americas Securities LLC now owns 25,022 shares of the energy company's stock valued at $940,000 after purchasing an additional 19,340 shares during the period. GAMMA Investing LLC lifted its position in REX American Resources by 5,304.6% during the first quarter. GAMMA Investing LLC now owns 7,026 shares of the energy company's stock valued at $264,000 after purchasing an additional 6,896 shares during the period. Finally, Nuveen LLC bought a new position in REX American Resources during the first quarter valued at approximately $5,824,000. Institutional investors own 88.12% of the company's stock.

REX American Resources Price Performance

REX American Resources stock traded down $0.06 during midday trading on Wednesday, reaching $60.95. 163,273 shares of the company traded hands, compared to its average volume of 113,293. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.66 and a beta of 0.66. The business has a 50 day moving average of $56.04 and a two-hundred day moving average of $46.19. REX American Resources Corporation has a 12 month low of $33.45 and a 12 month high of $64.95.

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