SG Americas Securities LLC Lowers Stock Holdings in REX American Resources Co. (NYSE:REX)

SG Americas Securities LLC lowered its stake in REX American Resources Co. (NYSE:REX) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,176 shares of the energy company’s stock after selling 465 shares during the period. SG Americas Securities LLC’s holdings in REX American Resources were worth $193,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CWM LLC grew its position in REX American Resources by 1,944.1% in the 2nd quarter. CWM LLC now owns 1,206 shares of the energy company’s stock valued at $55,000 after buying an additional 1,147 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of REX American Resources in the first quarter valued at about $133,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of REX American Resources by 163.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock valued at $150,000 after acquiring an additional 1,583 shares in the last quarter. Concourse Financial Group Securities Inc. acquired a new position in shares of REX American Resources during the first quarter worth about $164,000. Finally, First Trust Direct Indexing L.P. purchased a new position in REX American Resources during the first quarter worth about $223,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Price Performance

Shares of REX stock opened at $44.22 on Thursday. REX American Resources Co. has a 1-year low of $35.73 and a 1-year high of $60.78. The business’s fifty day moving average price is $45.22 and its 200 day moving average price is $48.59. The firm has a market capitalization of $774.03 million, a PE ratio of 11.79 and a beta of 0.93.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The business had revenue of $148.16 million during the quarter, compared to the consensus estimate of $146.00 million. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. During the same quarter last year, the firm posted $0.52 EPS. Equities research analysts expect that REX American Resources Co. will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial lowered their price objective on REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th.

REX American Resources 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.