Koss Olinger Consulting LLC Invests $571,000 in REX American Resources Corporation (NYSE:REX)

Key Points

• Koss Olinger Consulting LLC purchased 15,197 shares of REX American Resources Corporation, valued at approximately $571,000, during the 1st quarter.
• REX American Resources reported earnings of $0.51 per share for the quarter, exceeding estimates of $0.34, with a total revenue of $158.34 million.
• As of the latest filing, institutional investors own 88.12% of REX American Resources stock, indicating strong institutional interest in the company.

Koss Olinger Consulting LLC bought a new position in shares of REX American Resources Corporation (NYSE:REX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,197 shares of the energy company's stock, valued at approximately $571,000. Koss Olinger Consulting LLC owned approximately 0.09% of REX American Resources at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of REX. Vanguard Group Inc. boosted its holdings in REX American Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,316,404 shares of the energy company's stock valued at $49,457,000 after acquiring an additional 11,785 shares during the period. Renaissance Technologies LLC boosted its stake in REX American Resources by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 876,003 shares of the energy company's stock valued at $36,521,000 after acquiring an additional 21,488 shares during the last quarter. Brown Advisory Inc. raised its holdings in REX American Resources by 7.7% in the first quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock worth $27,625,000 after purchasing an additional 52,737 shares during the period. Systematic Financial Management LP raised its holdings in shares of REX American Resources by 3.5% during the fourth quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company's stock worth $29,904,000 after acquiring an additional 24,377 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of REX American Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company's stock worth $15,372,000 after acquiring an additional 2,858 shares during the period. Institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 0.2%

Shares of REX traded down $0.09 during midday trading on Thursday, reaching $54.72. The stock had a trading volume of 39,123 shares, compared to its average volume of 120,813. The firm has a 50 day simple moving average of $51.06 and a 200-day simple moving average of $43.72. REX American Resources Corporation has a one year low of $33.45 and a one year high of $55.36. The firm has a market cap of $901.24 million, a PE ratio of 16.94 and a beta of 0.58.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. REX American Resources had a net margin of 8.86% and a return on equity of 8.97%. The business had revenue of $158.34 million during the quarter, compared to analysts' expectations of $161.00 million. As a group, research analysts forecast that REX American Resources Corporation will post 2.93 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.