Exchange Traded Concepts LLC Invests $1.06 Million in REX American Resources Co. (NYSE:REX)

Exchange Traded Concepts LLC acquired a new position in shares of REX American Resources Co. (NYSE:REX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 22,938 shares of the energy company's stock, valued at approximately $1,062,000. Exchange Traded Concepts LLC owned 0.13% of REX American Resources at the end of the most recent reporting period.

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

REX American Resources Price Performance

Shares of REX stock traded up $0.33 on Thursday, hitting $46.63. 104,175 shares of the company's stock were exchanged, compared to its average volume of 155,776. 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 of $45.20 and a 200 day moving average of $49.06. The stock has a market cap of $816.21 million, a P/E ratio of 12.43 and a beta of 0.93.

REX American Resources (NYSE:REX - Get Free Report) last posted its earnings results on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.26. The firm had revenue of $148.16 million during 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 quarter in the prior year, the business earned $0.52 earnings per share. Sell-side analysts predict that REX American Resources Co. will post 2.6 EPS for the current fiscal year.

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 research note on Tuesday, August 27th.

REX American Resources Profile

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.