REX American Resources Corp. (NYSE:REX) was downgraded by research analysts at Feltl & Co. from a “buy” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.

Shares of REX American Resources Corp. (NYSE:REX) traded up 4.48% during mid-day trading on Wednesday, hitting $96.92. 109,433 shares of the stock were exchanged. The stock has a market cap of $637.93 million, a PE ratio of 29.48 and a beta of 2.06. REX American Resources Corp. has a one year low of $44.48 and a one year high of $97.90. The company has a 50-day moving average of $83.03 and a 200 day moving average of $72.21.

REX American Resources Corp. (NYSE:REX) last released its quarterly earnings data on Tuesday, November 29th. The company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.16. The firm had revenue of $116.30 million for the quarter, compared to the consensus estimate of $110.48 million. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. On average, equities analysts predict that REX American Resources Corp. will post $4.08 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “REX American Resources Corp. (REX) Stock Rating Lowered by Feltl & Co.” was originally reported by Financial Market News and is owned by of Financial Market News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international trademark and copyright laws. The correct version of this report can be read at http://www.financial-market-news.com/rex-american-resources-corp-rex-stock-rating-lowered-by-feltl-co/1210699/.

In related news, insider Edward M. Kress sold 15,000 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $84.69, for a total transaction of $1,270,350.00. Following the sale, the insider now owns 56,327 shares of the company’s stock, valued at $4,770,333.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence Tomchin sold 2,000 shares of the business’s 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 sale, the director now directly owns 132,380 shares in the company, valued at approximately $11,649,440. The disclosure for this sale can be found here. Corporate insiders own 14.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in REX American Resources Corp. during the third quarter worth approximately $101,000. BlackRock Inc. increased its stake in shares of REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock valued at $104,000 after buying an additional 1,401 shares during the period. BNP Paribas Arbitrage SA increased its stake 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 during the period. SG Americas Securities LLC acquired a new stake in shares of REX American Resources Corp. during the third quarter valued at about $116,000. Finally, BlackRock Advisors LLC increased its stake in shares of REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock valued at $170,000 after buying an additional 96 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

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).

5 Day Chart for NYSE:REX

The Fly

Receive News & Ratings for REX American Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.