The REX American Resources Corp. (REX) Stake Held by Swiss National Bank

The REX American Resources Corp. (REX) Stake Held by Swiss National Bank

Swiss National Bank continued to hold its position in shares of REX American Resources Corp. (NYSE:REX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,500 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.14% of REX American Resources Corp. worth $568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in shares of REX American Resources Corp. by 70.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,804 shares of the company’s stock valued at $108,000 after buying an additional 748 shares in the last quarter. AMP Capital Investors Ltd raised its position in shares of REX American Resources Corp. by 17.3% in the first quarter. AMP Capital Investors Ltd now owns 11,531 shares of the company’s stock worth $642,000 after buying an additional 1,700 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of REX American Resources Corp. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 374,543 shares of the company’s stock worth $20,776,000 after buying an additional 1,857 shares in the last quarter. Smith Asset Management Group LP raised its position in shares of REX American Resources Corp. by 62.9% in the second quarter. Smith Asset Management Group LP now owns 5,100 shares of the company’s stock worth $305,000 after buying an additional 1,970 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of REX American Resources Corp. during the second quarter worth $329,000. 95.28% of the stock is currently owned by institutional investors.

Shares of REX American Resources Corp. (NYSE:REX) traded up 1.020% on Friday, hitting $82.725. The stock had a trading volume of 22,348 shares. The stock has a 50 day moving average price of $83.72 and a 200-day moving average price of $65.41. REX American Resources Corp. has a 12-month low of $44.48 and a 12-month high of $88.47. The company has a market cap of $544.50 million, a price-to-earnings ratio of 25.160 and a beta of 1.79.

REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The company earned $115.70 million during the quarter, compared to the consensus estimate of $109.09 million. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. On average, equities analysts expect that REX American Resources Corp. will post $3.81 earnings per share for the current year.

Separately, Feltl & Co. initiated coverage on REX American Resources Corp. in a report on Thursday, September 15th. They issued a “buy” rating and a $94.50 price objective on the stock.

In other REX American Resources Corp. news, Director Lawrence Tomchin sold 2,000 shares of REX American Resources Corp. stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $88.00, for a total transaction of $176,000.00. Following the completion of the sale, the director now directly owns 132,380 shares of the company’s stock, valued at approximately $11,649,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 1,500 shares of REX American Resources Corp. stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. Following the sale, the chief financial officer now directly owns 33,651 shares of the company’s stock, valued at $2,860,335. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.

REX American Resources Corp. Company Profile

Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

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