Pacer Advisors Inc. Makes New $2.21 Million 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 first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in REX American Resources by 7.5% during the 1st quarter. Royce & Associates LP now owns 38,219 shares of the energy company's stock worth $1,436,000 after buying an additional 2,668 shares in the last quarter. South Dakota Investment Council purchased a new stake in REX American Resources during the 1st quarter worth approximately $210,000. CWM LLC increased its stake in REX American Resources by 139.8% during the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after buying an additional 1,160 shares in the last quarter. Alps Advisors Inc. increased its stake in REX American Resources by 1.2% during the 1st quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock worth $912,000 after buying an additional 292 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in REX American Resources by 7.7% during the 1st quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock worth $27,625,000 after buying an additional 52,737 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 1.7%

REX stock traded down $0.91 during mid-day trading on Wednesday, reaching $53.42. The company's stock had a trading volume of 54,778 shares, compared to its average volume of 87,661. The company's 50 day moving average is $48.96 and its two-hundred day moving average is $42.99. REX American Resources Corporation has a fifty-two week low of $33.45 and a fifty-two week high of $55.36. The stock has a market cap of $879.76 million, a PE ratio of 16.59 and a beta of 0.56.

REX American Resources (NYSE:REX - Get Free Report) last released its earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share 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 for the quarter, compared to analyst estimates of $161.00 million. On average, analysts forecast 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.