Amundi Trims Stock Position in REX American Resources Co. (NYSE:REX)

Amundi lowered its holdings in shares of REX American Resources Co. (NYSE:REX) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,788 shares of the energy company’s stock after selling 579 shares during the quarter. Amundi’s holdings in REX American Resources were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of REX American Resources by 87.3% during the 3rd quarter. Barclays PLC now owns 42,855 shares of the energy company’s stock valued at $1,983,000 after purchasing an additional 19,977 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of REX American Resources by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock valued at $3,640,000 after acquiring an additional 432 shares during the period. Proficio Capital Partners LLC bought a new position in shares of REX American Resources during the 4th quarter valued at approximately $890,000. Victory Capital Management Inc. grew its stake in shares of REX American Resources by 15.9% during the 3rd quarter. Victory Capital Management Inc. now owns 83,095 shares of the energy company’s stock valued at $3,846,000 after acquiring an additional 11,386 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of REX American Resources during the 3rd quarter valued at approximately $246,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Down 0.3 %

Shares of NYSE:REX opened at $36.66 on Friday. The stock has a 50 day moving average of $40.27 and a 200 day moving average of $42.79. The company has a market cap of $643.97 million, a PE ratio of 9.60 and a beta of 0.92. REX American Resources Co. has a 12-month low of $35.40 and a 12-month high of $60.79.

Analysts Set New Price Targets

Separately, Truist Financial cut their price objective on REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, December 9th.

REX American Resources Profile

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