Charles Schwab Investment Management Inc. Boosts Holdings in REX American Resources Corporation $REX

Key Points

• Charles Schwab Investment Management Inc. raised its holdings in REX American Resources Corporation by 22.3%, owning 184,692 shares valued at approximately $6.9 million as of the latest SEC filing.
• Other institutional investors, like Brown Advisory and Systematic Financial Management, also increased their stakes in REX, showing a trend of growing interest in the company among hedge funds.
• REX American Resources posted an earnings report with $0.51 EPS, exceeding analyst expectations, although its revenue fell short of projections at $158.34 million.

Charles Schwab Investment Management Inc. boosted its position in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,692 shares of the energy company's stock after purchasing an additional 33,661 shares during the period. Charles Schwab Investment Management Inc. owned about 1.11% of REX American Resources worth $6,939,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in REX. CWM LLC grew its stake in REX American Resources by 139.8% in the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after acquiring an additional 1,160 shares in the last quarter. State of Wyoming grew its stake in REX American Resources by 67.3% in the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after acquiring an additional 1,454 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in REX American Resources in the 4th quarter worth about $200,000. South Dakota Investment Council bought a new position in REX American Resources in the 1st quarter worth about $210,000. Finally, First Trust Advisors LP bought a new position in REX American Resources in the 4th quarter worth about $244,000. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Price Performance

REX stock traded down $1.31 during mid-day trading on Monday, reaching $62.80. The company had a trading volume of 91,585 shares, compared to its average volume of 98,971. The company has a market capitalization of $1.04 billion, a PE ratio of 21.29 and a beta of 0.66. The firm has a 50 day moving average of $54.02 and a 200 day moving average of $45.16. REX American Resources Corporation has a 12 month low of $33.45 and a 12 month high of $64.95.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The energy company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. The firm had revenue of $158.56 million during the quarter, compared to analysts' expectations of $165.00 million. Analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.

REX American Resources Company 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.