REX American Resources (NYSE:REX) Shares Gap Down - Time to Sell?

Key Points

• REX American Resources shares opened lower, falling from a previous close of $41.99 to $39.99 before recovering to about $41.31. The stock remains below its 50-day and 200-day moving averages of $44.38 and $43.65, respectively.
• The company reported quarterly EPS of $1.06, beating the $0.42 consensus estimate by $0.64. Despite the strong earnings surprise, Weiss Ratings downgraded the stock from “buy (b)” to “buy (b-),” while MarketBeat’s consensus rating remains “Buy.”
• Insiders sold 100,000 shares worth approximately $4.4 million over the last quarter, including a 69,335-share sale by Stuart A. Rose. Institutional investors continue to hold a significant 88.12% of the company’s outstanding stock.

REX American Resources Corporation (NYSE:REX - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $41.99, but opened at $39.99. REX American Resources shares last traded at $41.3050, with a volume of 13,073 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources currently has a consensus rating of "Buy".

REX American Resources Price Performance

The company's fifty day simple moving average is $44.38 and its 200-day simple moving average is $43.65. The firm has a market capitalization of $1.34 billion, a PE ratio of 14.51 and a beta of 0.63.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.42 by $0.64. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Insider Transactions at REX American Resources

In other REX American Resources news, insider Stuart A. Rose sold 69,335 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total value of $3,034,792.95. Following the completion of the sale, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 100,000 shares of company stock worth $4,395,989. Corporate insiders own 13.21% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Denali Advisors LLC purchased a new position in REX American Resources in the 2nd quarter worth $1,211,000. Y Intercept Hong Kong Ltd purchased a new stake in REX American Resources in the first quarter valued at approximately $1,800,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of REX American Resources by 6.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 447,642 shares of the energy company's stock valued at $20,399,000 after acquiring an additional 26,989 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of REX American Resources during the second quarter worth $1,405,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in REX American Resources during the second quarter valued at $1,518,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Company Profile

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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