Yousif Capital Management LLC Cuts Holdings in REX American Resources Co. (NYSE:REX)

Yousif Capital Management LLC reduced its position in REX American Resources Co. (NYSE:REX) by 17.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,359 shares of the energy company’s stock after selling 2,039 shares during the period. Yousif Capital Management LLC’s holdings in REX American Resources were worth $443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in REX American Resources by 84.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock valued at $36,000 after purchasing an additional 409 shares during the last quarter. Arizona State Retirement System bought a new position in shares of REX American Resources in the 4th quarter valued at about $208,000. Hsbc Holdings PLC purchased a new position in REX American Resources in the third quarter worth about $244,000. Tower Research Capital LLC TRC increased its stake in REX American Resources by 172.5% during the third quarter. Tower Research Capital LLC TRC now owns 8,341 shares of the energy company’s stock worth $340,000 after acquiring an additional 5,280 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in REX American Resources during the fourth quarter valued at approximately $359,000. 88.12% of the stock is owned by institutional investors.

Insider Activity at REX American Resources

In other REX American Resources news, insider Stuart A. Rose sold 100,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total value of $5,942,000.00. Following the sale, the insider now owns 1,512,305 shares in the company, valued at $89,861,163.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other REX American Resources news, insider Stuart A. Rose sold 4,943 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $58.57, for a total value of $289,511.51. Following the completion of the sale, the insider now directly owns 1,487,362 shares of the company’s stock, valued at approximately $87,114,792.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stuart A. Rose sold 100,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the completion of the transaction, the insider now owns 1,512,305 shares in the company, valued at $89,861,163.10. The disclosure for this sale can be found here. Insiders sold a total of 111,984 shares of company stock worth $6,643,493 in the last quarter. 11.68% of the stock is owned by company insiders.

Analyst Ratings Changes

REX has been the subject of a number of recent research reports. Truist Financial reiterated a “buy” rating and issued a $70.00 target price (up previously from $58.00) on shares of REX American Resources in a report on Friday, April 12th. StockNews.com raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

REX American Resources Trading Up 0.8 %

Shares of NYSE:REX opened at $57.59 on Tuesday. REX American Resources Co. has a 12 month low of $28.08 and a 12 month high of $60.78. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.60 and a beta of 1.08. The firm’s 50-day moving average is $51.34 and its 200 day moving average is $45.30.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, March 28th. The energy company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.45. REX American Resources had a return on equity of 11.06% and a net margin of 7.31%. The business had revenue of $187.61 million during the quarter, compared to analyst estimates of $170.00 million. As a group, equities analysts forecast that REX American Resources Co. will post 1.77 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.