Royce & Associates LP Has $1.69 Million Stake in REX American Resources Corporation $REX

Royce & Associates LP raised its stake in shares of REX American Resources Corporation (NYSE:REX) by 62.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 55,050 shares of the energy company’s stock after purchasing an additional 21,233 shares during the quarter. Royce & Associates LP owned 0.17% of REX American Resources worth $1,686,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in REX. Principal Financial Group Inc. raised its holdings in REX American Resources by 112.9% in the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock valued at $4,728,000 after acquiring an additional 81,869 shares in the last quarter. AWH Capital L.P. bought a new stake in shares of REX American Resources during the second quarter valued at approximately $1,461,000. Y Intercept Hong Kong Ltd bought a new stake in shares of REX American Resources during the third quarter valued at approximately $931,000. Public Sector Pension Investment Board raised its stake in shares of REX American Resources by 121.7% in the third quarter. Public Sector Pension Investment Board now owns 110,475 shares of the energy company’s stock valued at $3,383,000 after purchasing an additional 60,652 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in REX American Resources by 78.8% in the third quarter. Alps Advisors Inc. now owns 43,398 shares of the energy company’s stock worth $1,329,000 after purchasing an additional 19,122 shares during the period. Institutional investors own 88.12% of the company’s stock.

REX American Resources Stock Performance

REX opened at $37.40 on Friday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 25.02 and a beta of 0.73. The firm’s 50-day simple moving average is $34.02 and its 200-day simple moving average is $32.60. REX American Resources Corporation has a twelve month low of $16.73 and a twelve month high of $37.83.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources has a consensus rating of “Buy” and a consensus target price 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.