AQR Capital Management LLC Purchases 70,207 Shares of REX American Resources Co. (NYSE:REX)

AQR Capital Management LLC grew its position in REX American Resources Co. (NYSE:REX - Free Report) by 440.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,140 shares of the energy company's stock after purchasing an additional 70,207 shares during the quarter. AQR Capital Management LLC owned approximately 0.49% of REX American Resources worth $3,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of REX American Resources by 1,944.1% in the 2nd 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 period. EntryPoint Capital LLC acquired a new stake in REX American Resources in the first quarter valued at $133,000. SG Americas Securities LLC bought a new position in REX American Resources during the first quarter worth about $139,000. Allspring Global Investments Holdings LLC increased its holdings in shares of REX American Resources by 163.0% during the 1st 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 last quarter. Finally, Concourse Financial Group Securities Inc. acquired a new position in shares of REX American Resources in the first quarter valued at $164,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

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

REX American Resources Stock Performance

Shares of REX traded up $0.55 during mid-day trading on Friday, reaching $46.10. 99,623 shares of the company were exchanged, compared to its average volume of 158,711. REX American Resources Co. has a 52 week low of $35.73 and a 52 week high of $60.78. The business has a 50 day simple moving average of $45.41 and a two-hundred day simple moving average of $49.23. The stock has a market capitalization of $806.93 million, a PE ratio of 12.29 and a beta of 0.93.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.26. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. The business had revenue of $148.16 million during the quarter, compared to the consensus estimate of $146.00 million. During the same quarter last year, the firm posted $0.52 EPS. On average, analysts predict 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.