Victory Capital Management Inc. Trims Stock Position 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. lessened its holdings in shares of 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 (SEC). The firm owned 67,690 shares of the energy company's stock after selling 16,626 shares during the period. Victory Capital Management Inc. owned approximately 0.40% of REX American Resources worth $2,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in REX American Resources by 1.2% during the first quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock worth $912,000 after purchasing an additional 292 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in REX American Resources by 3.8% during the fourth 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 in the last quarter. SummerHaven Investment Management LLC boosted its position in REX American Resources by 2.0% during the first 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 in the last quarter. CWM LLC boosted its position in 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 purchasing an additional 1,160 shares in the last quarter. Finally, State of Wyoming boosted its position in 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 purchasing an additional 1,454 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

REX American Resources Trading Down 2.3%

Shares of NYSE:REX traded down $1.23 on Friday, hitting $51.06. The company had a trading volume of 25,246 shares, compared to its average volume of 124,163. REX American Resources Corporation has a 52-week low of $33.45 and a 52-week high of $55.36. The business has a 50 day moving average of $49.17 and a 200 day moving average of $43.05. The company has a market cap of $840.88 million, a PE ratio of 15.86 and a beta of 0.56.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.17. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. The business had revenue of $158.34 million for the quarter, compared to the consensus estimate of $161.00 million. As a group, equities analysts predict 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.