Systematic Financial Management LP Has $29.18 Million Stock Holdings in REX American Resources Co. (NYSE:REX)

Systematic Financial Management LP reduced its position in REX American Resources Co. (NYSE:REX - Free Report) by 6.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 640,035 shares of the energy company's stock after selling 43,612 shares during the period. REX American Resources comprises 0.9% of Systematic Financial Management LP's holdings, making the stock its 26th largest position. Systematic Financial Management LP owned about 3.66% of REX American Resources worth $29,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its holdings in shares of REX American Resources by 1,944.1% in the second quarter. CWM LLC now owns 1,206 shares of the energy company's stock valued at $55,000 after purchasing an additional 1,147 shares during the last quarter. EntryPoint Capital LLC bought a new position in REX American Resources in the 1st quarter valued at about $133,000. SG Americas Securities LLC acquired a new stake in REX American Resources during the first quarter worth approximately $139,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of REX American Resources by 163.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company's stock worth $150,000 after acquiring an additional 1,583 shares during the period. Finally, Concourse Financial Group Securities Inc. acquired a new position in shares of REX American Resources in the first quarter valued at approximately $164,000. Institutional investors own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target on REX American Resources from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, August 27th.

REX American Resources Stock Performance

NYSE:REX traded up $1.40 during mid-day trading on Friday, reaching $46.12. 138,393 shares of the company's stock were exchanged, compared to its average volume of 160,596. REX American Resources Co. has a one year low of $35.73 and a one year high of $60.78. The business's fifty day simple moving average is $45.54 and its two-hundred day simple moving average is $49.16. The firm has a market capitalization of $807.28 million, a PE ratio of 12.30 and a beta of 0.94.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26. The company had revenue of $148.16 million for the quarter, compared to analysts' expectations of $146.00 million. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. During the same period last year, the firm earned $0.52 earnings per share. As a group, equities research analysts forecast that REX American Resources Co. will post 2.6 EPS for the current 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.