REX American Resources Corp. (REX) Reaches New 52-Week High at $64.50
REX American Resources Corp. (NYSE:REX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.50 and last traded at $63.71, with a volume of 49,154 shares. The stock had previously closed at $63.65.
Separately, Singular Research decreased their price target on REX American Resources Corp. from $67.50 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 4th.
The stock has a 50 day moving average price of $59.96 and a 200 day moving average price of $54.55. The firm has a market capitalization of $418.99 million and a PE ratio of 14.71.
REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings data on Thursday, June 2nd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $1.01 by $0.58. The firm had revenue of $100.20 million for the quarter, compared to the consensus estimate of $105.02 million. On average, equities research analysts anticipate that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.
In related news, Director Lawrence Tomchin sold 2,000 shares of REX American Resources Corp. stock in a transaction on Friday, July 1st. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the completion of the sale, the director now owns 149,938 shares of the company’s stock, valued at approximately $8,996,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A number of hedge funds have bought and sold shares of REX. SECOR Capital Advisors LP increased 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 valued at $1,051,000 after buying an additional 7,125 shares during the last quarter. Shell Asset Management Co. acquired a new stake in REX American Resources Corp. during the fourth quarter valued at about $1,986,000. GSA Capital Partners LLP increased 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 valued at $2,593,000 after buying an additional 22,600 shares during the last quarter. First Trust Advisors LP acquired a new stake in REX American Resources Corp. during the fourth quarter valued at about $2,757,000. Finally, Marshall Wace LLP increased 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 valued at $2,865,000 after buying an additional 2,121 shares during 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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