Hsbc Holdings PLC Trims Holdings in REX American Resources Corporation $REX

Hsbc Holdings PLC trimmed its position in REX American Resources Corporation (NYSE:REX) by 21.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,519 shares of the energy company’s stock after selling 2,835 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of REX American Resources worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in REX American Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,316,404 shares of the energy company’s stock worth $49,457,000 after purchasing an additional 11,785 shares during the period. Brown Advisory Inc. boosted its stake in REX American Resources by 7.7% in the 1st quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company’s stock worth $27,625,000 after purchasing an additional 52,737 shares during the period. Systematic Financial Management LP boosted its stake in REX American Resources by 3.5% in the 4th quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company’s stock worth $29,904,000 after purchasing an additional 24,377 shares during the period. American Century Companies Inc. boosted its stake in REX American Resources by 9.7% in the 1st quarter. American Century Companies Inc. now owns 462,314 shares of the energy company’s stock worth $17,369,000 after purchasing an additional 40,693 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in REX American Resources by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 240,443 shares of the energy company’s stock worth $10,024,000 after purchasing an additional 25,991 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

REX stock opened at $62.69 on Wednesday. REX American Resources Corporation has a 1-year low of $33.45 and a 1-year high of $64.95. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.25 and a beta of 0.66. The business has a 50 day simple moving average of $54.57 and a two-hundred day simple moving average of $45.41.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Wednesday, August 27th. The energy company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%.The business had revenue of $158.56 million during the quarter, compared to the consensus estimate of $165.00 million. Sell-side analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

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.