133,235 Shares in REX American Resources Corporation $REX Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of REX American Resources Corporation (NYSE:REX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 133,235 shares of the energy company’s stock, valued at approximately $6,016,000.

Several other large investors also recently bought and sold shares of REX. AWH Capital L.P. acquired a new stake in REX American Resources in the 2nd quarter valued at about $6,659,625. Public Employees Retirement System of Ohio acquired a new position in shares of REX American Resources during the 2nd quarter worth approximately $27,000. Bank of America Corp DE purchased a new stake in shares of REX American Resources in the second quarter valued at approximately $5,915,000. Jupiter Topco LLC purchased a new stake in shares of REX American Resources in the second quarter valued at approximately $2,248,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of REX American Resources in the second quarter valued at approximately $746,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Activity

In other news, insider Stuart A. Rose sold 69,335 shares of REX American Resources stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the sale, the insider owned 588,280 shares of the company’s stock, valued at approximately $25,749,015.60. The trade was a 10.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources 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 sale, the chief financial officer directly owned 254,084 shares in the company, 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 sold a total of 105,086 shares of company stock worth $4,643,829 over the last quarter. 13.21% of the stock is currently owned by company insiders.

REX American Resources Trading Up 0.1%

Shares of REX opened at $41.40 on Monday. REX American Resources Corporation has a 12-month low of $30.02 and a 12-month high of $53.36. The firm has a 50-day moving average price of $44.47 and a 200 day moving average price of $43.57. The firm has a market capitalization of $1.36 billion, a P/E ratio of 14.76 and a beta of 0.64.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company 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.