REX American Resources Corp. (REX) Stock Price Up 1.6%
Shares of REX American Resources Corp. (NYSE:REX) rose 1.6% during mid-day trading on Tuesday . The company traded as high as $63.70 and last traded at $63.32, with a volume of 65,304 shares traded. The stock had previously closed at $62.30.
Separately, Singular Research cut their price target on shares of REX American Resources Corp. from $67.50 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 4th.
The firm has a market cap of $415.38 million and a P/E ratio of 14.59. The stock has a 50 day moving average price of $59.82 and a 200 day moving average price of $54.48.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings data on Thursday, June 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by $0.58. The company earned $100.20 million during the quarter, compared to analysts’ expectations of $105.02 million. Equities research analysts anticipate that REX American Resources Corp. will post $3.81 EPS for the current fiscal year.
In related news, Director Lawrence Tomchin sold 2,000 shares of REX American Resources Corp. stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the sale, the director now owns 149,938 shares in the company, valued at approximately $8,996,280. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Other hedge funds recently bought and sold shares of the company. SECOR Capital Advisors LP boosted its stake in REX American Resources Corp. by 57.9% in the fourth quarter. SECOR Capital Advisors LP now owns 19,436 shares of the company’s stock worth $1,051,000 after buying an additional 7,125 shares in the last quarter. Shell Asset Management Co. bought a new stake in REX American Resources Corp. during the fourth quarter worth approximately $1,986,000. GSA Capital Partners LLP boosted its stake in REX American Resources Corp. by 89.1% in the fourth quarter. GSA Capital Partners LLP now owns 47,953 shares of the company’s stock worth $2,593,000 after buying an additional 22,600 shares in the last quarter. First Trust Advisors LP bought a new stake in REX American Resources Corp. during the fourth quarter worth approximately $2,757,000. Finally, Marshall Wace LLP boosted its stake in REX American Resources Corp. by 4.2% in the fourth quarter. Marshall Wace LLP now owns 52,978 shares of the company’s stock worth $2,865,000 after buying an additional 2,121 shares in the last quarter.
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. 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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