REX American Resources Corp. (REX) Hits New 52-Week High at $64.50
REX American Resources Corp. (NYSE:REX)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $64.50 and last traded at $63.71, with a volume of 49,154 shares trading hands. The stock had previously closed at $63.65.
Separately, Singular Research cut their target price 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 stock has a market capitalization of $420.63 million and a price-to-earnings ratio of 14.77. The firm’s 50 day moving average price is $60.22 and its 200-day moving average price is $54.68.
REX American Resources Corp. (NYSE:REX) last released its earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share 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 analyst estimates 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 year.
In other news, Director Lawrence Tomchin sold 2,000 shares of REX American Resources Corp. stock in a transaction that occurred 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 transaction, the director now directly owns 149,938 shares of the company’s stock, valued at $8,996,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Several hedge funds and institutional investors have recently added to or reduced their stakes in REX. GSA Capital Partners LLP increased its position 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 period. First Trust Advisors LP bought a new position in shares of REX American Resources Corp. during the fourth quarter worth approximately $2,757,000. Marshall Wace LLP increased its position in shares of 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 during the last quarter. Matarin Capital Management LLC bought a new position in shares of REX American Resources Corp. during the fourth quarter worth approximately $4,158,000. Finally, Schroder Investment Management Group increased its position in shares of REX American Resources Corp. by 219.4% in the fourth quarter. Schroder Investment Management Group now owns 270,831 shares of the company’s stock worth $14,644,000 after buying an additional 186,031 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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