California Public Employees Retirement System trimmed its position in shares of REX American Resources Corp (NYSE:REX) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,640 shares of the energy company’s stock after selling 1,766 shares during the period. California Public Employees Retirement System owned 0.50% of REX American Resources worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of REX American Resources in the first quarter worth $30,000. BNP Paribas Arbitrage SA boosted its holdings in shares of REX American Resources by 29,250.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,174 shares of the energy company’s stock worth $95,000 after acquiring an additional 1,170 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of REX American Resources by 372.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,024 shares of the energy company’s stock worth $138,000 after acquiring an additional 1,596 shares during the period. Oregon Public Employees Retirement Fund bought a new position in shares of REX American Resources in the fourth quarter worth $147,000. Finally, SG Americas Securities LLC boosted its holdings in shares of REX American Resources by 42.9% in the fourth quarter. SG Americas Securities LLC now owns 2,820 shares of the energy company’s stock worth $192,000 after acquiring an additional 846 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.
Shares of REX stock traded down $1.50 on Monday, reaching $71.40. The company’s stock had a trading volume of 75,600 shares, compared to its average volume of 32,695. The company has a debt-to-equity ratio of 0.03, a current ratio of 12.48 and a quick ratio of 11.49. REX American Resources Corp has a 12-month low of $61.71 and a 12-month high of $89.80. The firm has a market cap of $457.08 million, a P/E ratio of 18.65 and a beta of 0.94. The company has a 50 day simple moving average of $74.37.
Separately, TheStreet downgraded REX American Resources from a “b-” rating to a “c+” rating in a research report on Thursday, June 13th.
REX American Resources Profile
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.
Further Reading: Why do corrections happen?
Receive News & Ratings for REX American Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources and related companies with MarketBeat.com's FREE daily email newsletter.