Charles Schwab Investment Management Inc. Grows 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 stake in REX American Resources Corporation (NYSE:REX - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,692 shares of the energy company's stock after acquiring an additional 33,661 shares during the period. Charles Schwab Investment Management Inc. owned 1.11% of REX American Resources worth $6,939,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of REX. CWM LLC increased its stake in shares of REX American Resources by 139.8% in the first quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after purchasing an additional 1,160 shares in the last quarter. State of Wyoming increased its stake in shares of REX American Resources by 67.3% in the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after purchasing an additional 1,454 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of REX American Resources in the fourth quarter worth about $200,000. South Dakota Investment Council purchased a new position in shares of REX American Resources in the first quarter worth about $210,000. Finally, First Trust Advisors LP purchased a new position in REX American Resources during the fourth quarter valued at approximately $244,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Stock Down 2.0%

NYSE:REX traded down $1.31 during mid-day trading on Monday, hitting $62.80. 91,585 shares of the stock traded hands, compared to its average volume of 98,971. The business's 50-day moving average price is $54.30 and its 200 day moving average price is $45.29. The company has a market cap of $1.04 billion, a PE ratio of 21.29 and a beta of 0.66. 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 issued its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $158.56 million during the quarter, compared to analysts' expectations of $165.00 million. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. Analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

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.