Pacer Advisors Inc. Makes New Investment in REX American Resources Corporation (NYSE:REX)

Key Points

• Pacer Advisors Inc. made a significant investment of approximately $2.21 million in REX American Resources, acquiring 58,891 shares during the first quarter.
• Other institutional investors have also increased their stakes, with CWM LLC raising its position by 139.8% and the State of Wyoming increasing its holdings by 67.3% in the previous quarter.
• REX American Resources reported an earnings per share (EPS) of $0.51 for the last quarter, surpassing analyst expectations of $0.34, although revenue slightly missed estimates at $158.34 million.

Pacer Advisors Inc. acquired a new stake in REX American Resources Corporation (NYSE:REX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 58,891 shares of the energy company's stock, valued at approximately $2,213,000. Pacer Advisors Inc. owned approximately 0.35% of REX American Resources at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in REX American Resources by 139.8% during the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock valued at $75,000 after buying an additional 1,160 shares during the last quarter. State of Wyoming grew its holdings in REX American Resources by 67.3% during the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock valued at $151,000 after buying an additional 1,454 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in REX American Resources during the 4th quarter valued at $200,000. South Dakota Investment Council acquired a new stake in REX American Resources during the 1st quarter valued at $210,000. Finally, First Trust Advisors LP acquired a new stake in REX American Resources during the 4th quarter valued at $244,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

NYSE:REX traded down $1.46 during trading hours on Friday, reaching $50.83. 92,708 shares of the company traded hands, compared to its average volume of 84,485. The firm's 50-day moving average is $49.35 and its 200-day moving average is $43.11. The stock has a market cap of $837.09 million, a P/E ratio of 15.78 and a beta of 0.58. REX American Resources Corporation has a 1-year low of $33.45 and a 1-year high of $55.36.

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