REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 2,201 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $85.52, for a total value of $188,229.52. Following the completion of the sale, the insider now directly owns 630,259 shares of the company’s stock, valued at approximately $53,899,749.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of REX American Resources Corp. (NYSE:REX) opened at 85.19 on Thursday. The firm has a 50-day moving average price of $81.81 and a 200 day moving average price of $64.29. The company has a market cap of $560.72 million, a P/E ratio of 25.91 and a beta of 1.79. REX American Resources Corp. has a 12 month low of $44.48 and a 12 month high of $87.13.
REX American Resources Corp. (NYSE:REX) last issued its earnings results on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.13. The company had revenue of $115.70 million for the quarter, compared to the consensus estimate of $109.09 million. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. Equities analysts predict that REX American Resources Corp. will post $3.81 earnings per share for the current year.
Separately, Feltl & Co. began coverage on REX American Resources Corp. in a research report on Thursday, September 15th. They issued a “buy” rating and a $94.50 price objective for the company.
A number of hedge funds have recently modified their holdings of REX. DNB Asset Management AS acquired a new stake in shares of REX American Resources Corp. during the second quarter valued at about $16,888,000. GMT Capital Corp acquired a new stake in shares of REX American Resources Corp. during the second quarter valued at about $7,407,000. Renaissance Technologies LLC increased its stake in shares of REX American Resources Corp. by 21.2% in the first quarter. Renaissance Technologies LLC now owns 449,600 shares of the company’s stock valued at $24,939,000 after buying an additional 78,700 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of REX American Resources Corp. during the second quarter valued at about $4,499,000. Finally, AJO LP increased its stake in shares of REX American Resources Corp. by 111.5% in the second quarter. AJO LP now owns 70,089 shares of the company’s stock valued at $4,193,000 after buying an additional 36,951 shares during the period. 95.28% of the stock is currently owned by institutional investors.
About REX American Resources Corp.
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
Receive News & Ratings for REX American Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.