Louisiana State Employees Retirement System Makes New $574,000 Investment in REX American Resources Corporation $REX

Louisiana State Employees Retirement System acquired a new stake in REX American Resources Corporation (NYSE:REX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,600 shares of the energy company’s stock, valued at approximately $574,000.

A number of other large investors have also made changes to their positions in the stock. OP Asset Management Ltd purchased a new stake in REX American Resources during the 1st quarter worth about $1,500,000. Diversified Trust Co lifted its holdings in REX American Resources by 7.4% in the 1st quarter. Diversified Trust Co now owns 13,285 shares of the energy company’s stock valued at $605,000 after purchasing an additional 912 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of REX American Resources by 20.8% during the 4th quarter. Hsbc Holdings PLC now owns 14,059 shares of the energy company’s stock worth $455,000 after purchasing an additional 2,418 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after purchasing an additional 704 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of REX American Resources by 31.8% during the fourth quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock worth $17,413,000 after buying an additional 129,911 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Trading Up 1.3%

REX American Resources stock opened at $46.09 on Wednesday. The firm has a market capitalization of $1.52 billion, a P/E ratio of 16.43 and a beta of 0.62. The stock has a fifty day moving average price of $46.59 and a 200 day moving average price of $40.68. REX American Resources Corporation has a 52 week low of $24.88 and a 52 week high of $53.36.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.42. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.The firm had revenue of $156.50 million for the quarter, compared to analyst estimates of $167.23 million.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Insider Activity

In related news, CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the transaction, the chief financial officer owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stuart A. Rose sold 69,335 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the transaction, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. This represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 105,086 shares of company stock worth $4,643,829. Insiders own 13.21% of the company’s stock.

About REX American Resources

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.