Ameriprise Financial Inc. Trims Holdings in REX American Resources Corp (REX)

Ameriprise Financial Inc. lowered its position in REX American Resources Corp (NYSE:REX) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,431 shares of the energy company’s stock after selling 1,985 shares during the quarter. Ameriprise Financial Inc. owned 1.38% of REX American Resources worth $8,485,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of REX American Resources by 43.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,966 shares of the energy company’s stock worth $190,000 after acquiring an additional 596 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of REX American Resources during the 2nd quarter worth approximately $205,000. Victory Capital Management Inc. lifted its position in shares of REX American Resources by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,368 shares of the energy company’s stock worth $229,000 after buying an additional 355 shares during the period. Bessemer Group Inc. bought a new position in shares of REX American Resources during the 3rd quarter worth approximately $310,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of REX American Resources by 8.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,450 shares of the energy company’s stock worth $333,000 after buying an additional 270 shares during the period. Institutional investors own 89.66% of the company’s stock.

REX American Resources Corp (NYSE:REX) opened at $83.72 on Friday. The company has a market capitalization of $539.78, a P/E ratio of 16.71 and a beta of 1.61. REX American Resources Corp has a 52-week low of $76.10 and a 52-week high of $107.87.

In related news, Director Lawrence Tomchin sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $96.00, for a total transaction of $96,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas Bruggeman sold 1,218 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $95.47, for a total value of $116,282.46. The disclosure for this sale can be found here. 14.70% of the stock is owned by company insiders.

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About REX American Resources

Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

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

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