Public Sector Pension Investment Board Raises Holdings in REX American Resources Corporation $REX

Public Sector Pension Investment Board increased its stake in shares of REX American Resources Corporation (NYSE:REX) by 121.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,475 shares of the energy company’s stock after acquiring an additional 60,652 shares during the quarter. Public Sector Pension Investment Board’s holdings in REX American Resources were worth $3,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its stake in shares of REX American Resources by 102.8% during the third quarter. Illinois Municipal Retirement Fund now owns 15,503 shares of the energy company’s stock valued at $475,000 after purchasing an additional 7,859 shares during the period. Rhumbline Advisers raised its holdings in REX American Resources by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 93,306 shares of the energy company’s stock valued at $2,857,000 after buying an additional 45,158 shares during the last quarter. MQS Management LLC purchased a new stake in REX American Resources during the 3rd quarter valued at $247,000. Alps Advisors Inc. grew its holdings in REX American Resources by 78.8% in the 3rd quarter. Alps Advisors Inc. now owns 43,398 shares of the energy company’s stock worth $1,329,000 after acquiring an additional 19,122 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of REX American Resources by 102.2% in the third quarter. Savant Capital LLC now owns 12,038 shares of the energy company’s stock valued at $369,000 after acquiring an additional 6,085 shares during the period. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Up 0.2%

NYSE:REX opened at $34.19 on Friday. The company has a 50-day moving average price of $33.70 and a 200-day moving average price of $32.03. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 22.87 and a beta of 0.76. REX American Resources Corporation has a 12 month low of $16.73 and a 12 month high of $36.50.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.45. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. The company had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. During the same period in the prior year, the firm earned $1.38 earnings per share. Equities analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.