REX American Resources Corp. (REX) Reaches New 12-Month High at $66.74
REX American Resources Corp. (NYSE:REX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $66.74 and last traded at $66.23, with a volume of 39,447 shares. The stock had previously closed at $66.10.
The company has a 50-day moving average of $61.93 and a 200-day moving average of $55.74. The company has a market cap of $445.62 million and a PE ratio of 15.65.
REX American Resources Corp. (NYSE:REX) last posted its quarterly 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 company earned $100.20 million during the quarter, compared to analysts’ expectations of $105.02 million. On average, equities research analysts predict 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 the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $60.00, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds and institutional investors have bought and sold shares of REX. Matarin Capital Management LLC acquired a new position in REX American Resources Corp. during the fourth quarter valued at $4,158,000. Marshall Wace LLP raised 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 valued at $2,865,000 after buying an additional 2,121 shares during the last quarter. Schroder Investment Management Group raised 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 valued at $14,644,000 after buying an additional 186,031 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in REX American Resources Corp. during the fourth quarter valued at $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).