Exchange Traded Concepts LLC Makes New Investment in REX American Resources Co. (NYSE:REX)

Exchange Traded Concepts LLC acquired a new stake in REX American Resources Co. (NYSE:REX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 22,938 shares of the energy company’s stock, valued at approximately $1,062,000. Exchange Traded Concepts LLC owned approximately 0.13% of REX American Resources as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in REX American Resources by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock valued at $70,535,000 after buying an additional 68,211 shares during the period. American Century Companies Inc. lifted its stake in shares of REX American Resources by 148.8% in the 2nd quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock valued at $12,248,000 after acquiring an additional 160,685 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in REX American Resources by 10.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 115,279 shares of the energy company’s stock valued at $5,256,000 after acquiring an additional 11,188 shares during the period. Millennium Management LLC grew its position in REX American Resources by 61.4% during the 2nd quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock worth $4,691,000 after acquiring an additional 39,126 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in REX American Resources by 440.6% in the 2nd quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company’s stock worth $3,927,000 after purchasing an additional 70,207 shares during the period. Institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price objective on REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th.

REX American Resources Trading Up 3.6 %

Shares of NYSE:REX opened at $46.30 on Thursday. The company has a market cap of $810.44 million, a price-to-earnings ratio of 12.35 and a beta of 0.93. REX American Resources Co. has a 12 month low of $35.73 and a 12 month high of $60.78. The company has a 50-day moving average price of $45.17 and a 200-day moving average price of $49.07.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The business had revenue of $148.16 million during the quarter, compared to analyst estimates of $146.00 million. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, research analysts forecast that REX American Resources Co. will post 2.6 EPS for the current fiscal year.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.