Tudor Investment Corp ET AL Takes Position in REX American Resources Corporation $REX

Key Points

• Tudor Investment Corp ET AL bought a new stake in REX American Resources, acquiring 76,450 shares worth about $2.34 million (roughly 0.23% of the company).
• Several large funds — including Vanguard (up 101% to 2.436M shares), Dimensional (up 89.3% to 2.153M) and Invesco (up 140.8% to 408,857) — materially increased positions, leaving institutional investors with about 88.12% ownership.
• REX beat earnings (Q: $1.32 EPS vs. $0.14 expected) and was upgraded by Weiss Ratings from "hold (c+)" to "buy (b-)", aligning with a consensus Buy rating.

Tudor Investment Corp ET AL acquired a new stake in REX American Resources Corporation (NYSE:REX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 76,450 shares of the energy company's stock, valued at approximately $2,341,000. Tudor Investment Corp ET AL owned approximately 0.23% of REX American Resources as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of REX. Vanguard Group Inc. boosted its holdings in REX American Resources by 101.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company's stock worth $74,610,000 after acquiring an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company's stock valued at $65,923,000 after acquiring an additional 1,015,668 shares during the period. Mangrove Partners IM LLC bought a new stake in shares of REX American Resources during the third quarter valued at about $16,123,000. American Century Companies Inc. increased its position in shares of REX American Resources by 88.0% during the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company's stock valued at $25,305,000 after buying an additional 386,947 shares during the period. Finally, Invesco Ltd. increased its position in shares of REX American Resources by 140.8% during the third quarter. Invesco Ltd. now owns 408,857 shares of the energy company's stock valued at $12,519,000 after buying an additional 239,043 shares during the period. Institutional investors own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources currently has a consensus rating of "Buy".

REX American Resources Price Performance

Shares of NYSE:REX opened at $44.26 on Friday. REX American Resources Corporation has a 1-year low of $18.65 and a 1-year high of $48.66. The business has a fifty day moving average price of $38.68 and a 200-day moving average price of $34.78. The company has a market capitalization of $1.46 billion, a PE ratio of 17.70 and a beta of 0.61.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.14 by $1.18. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.The company had revenue of $157.96 million during the quarter, compared to the consensus estimate of $162.00 million. On average, sell-side analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Insider Transactions at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the transaction, the chief financial officer directly owned 259,170 shares in the company, valued at approximately $11,776,684.80. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.91% of the company's stock.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

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