Arrowstreet Capital Limited Partnership Trims Stock Holdings in REX American Resources Co. (NYSE:REX)

Arrowstreet Capital Limited Partnership trimmed its position in shares of REX American Resources Co. (NYSE:REX - Free Report) by 38.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,643 shares of the energy company's stock after selling 54,791 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.50% of REX American Resources worth $3,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in shares of REX American Resources during the fourth quarter worth approximately $46,000. FMR LLC increased its position in shares of REX American Resources by 34.8% during the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock worth $109,000 after purchasing an additional 605 shares in the last quarter. Diversified Trust Co raised its stake in REX American Resources by 12.5% in the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after buying an additional 610 shares during the last quarter. Ballentine Partners LLC acquired a new stake in REX American Resources in the 4th quarter worth approximately $232,000. Finally, SG Americas Securities LLC grew its holdings in shares of REX American Resources by 36.1% during the fourth quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock valued at $237,000 after buying an additional 1,506 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Stock Up 0.9 %

Shares of REX American Resources stock traded up $0.36 on Monday, reaching $39.62. The company's stock had a trading volume of 4,277 shares, compared to its average volume of 155,682. The stock has a 50-day moving average price of $38.63 and a 200-day moving average price of $41.91. The company has a market capitalization of $674.06 million, a P/E ratio of 10.29 and a beta of 0.69. REX American Resources Co. has a 52-week low of $33.45 and a 52-week high of $60.41.

REX American Resources (NYSE:REX - Get Free Report) last released its earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.36. The business had revenue of $158.23 million for the quarter, compared to the consensus estimate of $163.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter last year, the business posted $1.16 earnings per share. Sell-side analysts forecast that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Truist Financial reissued a "buy" rating and set a $50.00 target price (down previously from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.

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.