Ieq Capital LLC Invests $957,000 in REX American Resources Corporation $REX

Ieq Capital LLC bought a new position in REX American Resources Corporation (NYSE:REX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,201 shares of the energy company’s stock, valued at approximately $957,000. Ieq Capital LLC owned approximately 0.06% of REX American Resources at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in REX American Resources by 29.2% during the first quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock worth $3,619,000 after buying an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after acquiring an additional 390 shares during the last quarter. Empowered Funds LLC lifted its position in shares of REX American Resources by 4.1% during the 1st quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock valued at $2,956,000 after acquiring an additional 3,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of REX American Resources by 74.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock worth $3,090,000 after acquiring an additional 35,209 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of REX American Resources by 55.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock worth $4,657,000 after acquiring an additional 34,030 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Trading Down 3.2%

Shares of REX American Resources stock opened at $41.20 on Friday. REX American Resources Corporation has a 1 year low of $30.02 and a 1 year high of $53.36. The company has a market cap of $1.36 billion, a P/E ratio of 14.69 and a beta of 0.64. The stock has a 50-day moving average price of $44.52 and a 200 day moving average price of $43.53.

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

Insider Buying and Selling

In other REX American Resources news, insider Stuart A. Rose sold 69,335 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total value of $3,034,792.95. Following the transaction, the insider owned 588,280 shares in the company, valued at approximately $25,749,015.60. This represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Bruggeman sold 5,086 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the sale, the chief financial officer owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 105,086 shares of company stock worth $4,643,829 over the last ninety days. 13.21% of the stock is currently owned by insiders.

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. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.