Brown Advisory Inc. Grows Position in REX American Resources Corporation (NYSE:REX)

Brown Advisory Inc. lifted its position in REX American Resources Corporation (NYSE:REX - Free Report) by 7.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,300 shares of the energy company's stock after acquiring an additional 52,737 shares during the quarter. Brown Advisory Inc. owned 4.32% of REX American Resources worth $27,625,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in REX. American Century Companies Inc. increased its stake in REX American Resources by 14.1% in the 4th quarter. American Century Companies Inc. now owns 421,621 shares of the energy company's stock worth $17,577,000 after buying an additional 51,945 shares during the period. Brandywine Global Investment Management LLC increased its stake in REX American Resources by 382.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 59,530 shares of the energy company's stock worth $2,482,000 after buying an additional 47,180 shares during the period. Trexquant Investment LP increased its stake in REX American Resources by 177.4% in the 4th quarter. Trexquant Investment LP now owns 71,037 shares of the energy company's stock worth $2,962,000 after buying an additional 45,425 shares during the period. Jane Street Group LLC purchased a new position in REX American Resources in the 4th quarter worth about $1,734,000. Finally, D. E. Shaw & Co. Inc. increased its stake in REX American Resources by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 240,443 shares of the energy company's stock worth $10,024,000 after buying an additional 25,991 shares during the period. Institutional investors own 88.12% of the company's stock.

REX American Resources Price Performance

Shares of NYSE:REX traded up $0.30 during trading hours on Friday, hitting $54.63. The company's stock had a trading volume of 87,813 shares, compared to its average volume of 132,793. The firm's fifty day moving average price is $45.70 and its 200 day moving average price is $41.96. REX American Resources Corporation has a 52 week low of $33.45 and a 52 week high of $55.01. The company has a market capitalization of $899.81 million, a price-to-earnings ratio of 16.97 and a beta of 0.56.

REX American Resources (NYSE:REX - Get Free Report) last issued 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 firm had revenue of $158.34 million for the quarter, compared to the consensus estimate of $161.00 million. On average, equities research analysts predict that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 26th that permits the company to repurchase 1,500,000 outstanding shares. This repurchase authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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