REX American Resources Corporat (NYSE:REX) has been the object of insider selling activity recently. Executive COB Stuart A. Rose sold 13,562 shares at an average price of $84.17 on Wed the 21st. That brings Rose’s holdings to $53,124,737 as reported to the SEC. CFO, VP-Finance, Treasurer Douglas Bruggeman let go of 1,500 shares at an average price of $85.00 on September 8th. Bruggeman now owns $2,860,335 of stock as recorded in a recent Form 4 SEC filing.
Lawrence Tomchin, Director let go of $23,800 worth of shares at an average price of $56.00 on Tue the 19th. The Director now owns $0 of the stock per an SEC filing yesterday.
These firms have also modified their investment in REX. As of the end of the quarter Mason Street Advisors, LLC had bought 149 shares growing its position 16.1%. The value of the investment in REX went from $50,000 to $64,000 increasing 28.0% quarter to quarter. As of quarter end Royal Bank Of Canada had disposed of a total of 2,926 shares trimming its stake by 21.5%. The value of the investment in (REX) decreased from $755,000 to $639,000 a change of 15.4% quarter over quarter.
Schwab Charles Investment Management Inc divested its ownership by selling 44,309 shares a decrease of 64.0% from 12/31/2015 to 06/30/2016. Schwab Charles Investment Management Inc currently owns 24,874 shares valued at $1,489,000. The value of the position overall is down by 60.2%. Numeric Investors LLC trimmed its holdings by shedding 37,400 shares a decrease of 50.1% as of 06/30/2016. Numeric Investors LLC owns 37,251 shares with a value of $2,229,000. The total value of its holdings decreased 46.2%.
Equity analyst Feltl & Co. began coverage with an initial rating of “Buy”. On October 14 the stock rating was upgraded from “Accumulate” to “Buy” with a current price target of $14.00 in a report issued by KLR Group.
KLR Group upgraded the stock and lowered the price target on October 14 changing the price target from $18.00 to $14.00 and changing the rating from “Accumulate” to “Buy”. On September 16 the company was upgraded to “Buy” from “Neutral” and a price target of $113.00 was set in a statement from Sidoti & Co..
September 16 investment analysts at Sidoti & Co. held the price target at $113.00 but boost the company from Neutral to Buy. On February 5 the company was changed to a “Buy” by Sidoti & Co. which was a boost from the previous “Neutral” rating.
In the market the company is trading down from yesterday’s close of $82.95. Shares last traded at $82.90 a tad above the 50 day moving average of $78.61 and which is marginally over the 200 day moving average of $62.92. The 50 day moving average was up by +5.72% and the 200 day average was up $20.18.
REX American Resources Corporat currently has a P/E ratio of 25.27 and market cap is 546.96M. As of the last earnings report the EPS was $3.29 and is estimated to be $3.81 for the current year with 6,582,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.33 and the next full year EPS is anticipated to be $4.34.