REX American Resources Corp. (REX) Reaches New 1-Year High at $66.74
Shares of REX American Resources Corp. (NYSE:REX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.74 and last traded at $66.23, with a volume of 39,447 shares changing hands. The stock had previously closed at $66.10.
The stock’s 50 day moving average is $61.49 and its 200 day moving average is $55.58. The firm has a market cap of $432.50 million and a P/E ratio of 15.19.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ 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, analysts expect that REX American Resources Corp. will post $3.81 EPS for the current fiscal year.
In other news, Director Lawrence Tomchin sold 2,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,996,280. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several hedge funds and institutional investors have bought and sold shares of the company. Matarin Capital Management LLC acquired a new position in REX American Resources Corp. during the fourth quarter worth about $4,158,000. Marshall Wace LLP increased its position 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 during the last quarter. Schroder Investment Management Group increased its position in 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. Finally, First Trust Advisors LP purchased a new stake in REX American Resources Corp. during the fourth quarter worth $2,757,000.
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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