Victory Capital Management Inc. Cuts Stock Holdings in REX American Resources Corporation (NYSE:REX)

Key Points

• Victory Capital Management Inc. reduced its stake in REX American Resources Corporation by 19.7%, owning 67,690 shares worth approximately $2.54 million after selling 16,626 shares in the first quarter.
• Other institutional investors, including Vanguard Group Inc. and Brown Advisory Inc., have increased their holdings in REX American Resources, reflecting a significant level of institutional ownership at 88.12%.
• REX American Resources reported earnings of $0.51 EPS for the last quarter, surpassing analyst predictions, while its revenue was slightly below expectations at $158.34 million.

Victory Capital Management Inc. decreased its position in REX American Resources Corporation (NYSE:REX - Free Report) by 19.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,690 shares of the energy company's stock after selling 16,626 shares during the quarter. Victory Capital Management Inc. owned approximately 0.40% of REX American Resources worth $2,543,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake in shares of REX American Resources by 139.8% during the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock valued at $75,000 after purchasing an additional 1,160 shares in the last quarter. State of Wyoming boosted its stake in shares of REX American Resources by 67.3% during the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock valued at $151,000 after purchasing an additional 1,454 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of REX American Resources during the 4th quarter valued at about $200,000. First Trust Advisors LP bought a new stake in shares of REX American Resources during the 4th quarter valued at about $244,000. Finally, Lido Advisors LLC boosted its stake in shares of REX American Resources by 44.8% during the 4th quarter. Lido Advisors LLC now owns 6,522 shares of the energy company's stock valued at $272,000 after purchasing an additional 2,017 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Price Performance

NYSE:REX traded up $0.10 during mid-day trading on Tuesday, hitting $54.45. 59,410 shares of the company's stock were exchanged, compared to its average volume of 90,866. REX American Resources Corporation has a one year low of $33.45 and a one year high of $55.36. The business has a fifty day moving average price of $48.49 and a 200 day moving average price of $42.83. The company has a market cap of $896.84 million, a PE ratio of 16.91 and a beta of 0.56.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.34 by $0.17. The business had revenue of $158.34 million for the quarter, compared to analyst estimates of $161.00 million. REX American Resources had a net margin of 8.86% and a return on equity of 8.97%. On average, equities analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current fiscal 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.