New York Life Investment Management LLC Sells 1,981 Shares of REX American Resources Co. (NYSE:REX)

New York Life Investment Management LLC cut its stake in REX American Resources Co. (NYSE:REXFree Report) by 13.7% in the third quarter, Holdings Channel reports. The institutional investor owned 12,434 shares of the energy company’s stock after selling 1,981 shares during the period. New York Life Investment Management LLC’s holdings in REX American Resources were worth $506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in shares of REX American Resources by 16.8% during the third quarter. New York State Common Retirement Fund now owns 9,725 shares of the energy company’s stock valued at $396,000 after buying an additional 1,400 shares during the last quarter. South Dakota Investment Council bought a new position in REX American Resources in the 3rd quarter valued at $1,854,000. Illinois Municipal Retirement Fund purchased a new stake in REX American Resources in the third quarter worth $374,000. Versor Investments LP lifted its position in shares of REX American Resources by 29.6% during the third quarter. Versor Investments LP now owns 10,456 shares of the energy company’s stock worth $426,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of REX American Resources by 24.4% during the third quarter. Los Angeles Capital Management LLC now owns 40,864 shares of the energy company’s stock valued at $1,664,000 after purchasing an additional 8,005 shares during the period. 79.55% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Stock Performance

REX American Resources stock opened at $43.71 on Friday. The company has a market capitalization of $764.93 million, a PE ratio of 15.72 and a beta of 1.04. The company has a 50 day moving average price of $44.30 and a 200-day moving average price of $40.28. REX American Resources Co. has a fifty-two week low of $27.42 and a fifty-two week high of $51.19.

REX American Resources (NYSE:REXGet Free Report) last released its quarterly earnings data on Thursday, November 30th. The energy company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.70. The company had revenue of $221.08 million during the quarter, compared to analyst estimates of $198.00 million. REX American Resources had a net margin of 5.74% and a return on equity of 9.12%. On average, analysts forecast that REX American Resources Co. will post 3.02 earnings per share for the current year.

About REX American Resources

(Free Report)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.

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Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

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