Public Sector Pension Investment Board Acquires 10,496 Shares of REX American Resources Corporation $REX

Key Points

• The Public Sector Pension Investment Board increased its stake in REX American Resources Corp by 27.3%, holding a total of 49,004 shares valued at approximately $1.84 million.
• REX American Resources reported earnings of $0.51 per share for the last quarter, exceeding analysts' expectations of $0.34 by $0.17, despite revenue falling short of forecasts.
• The company's shares are currently trading around $56.21, with a market capitalization of $925.78 million and a low of $33.45 and high of $56.96 over the past year.

Public Sector Pension Investment Board raised its stake in REX American Resources Corporation (NYSE:REX - Free Report) by 27.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,004 shares of the energy company's stock after purchasing an additional 10,496 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.29% of REX American Resources worth $1,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of REX. Wells Fargo & Company MN grew its stake in REX American Resources by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,955 shares of the energy company's stock valued at $373,000 after purchasing an additional 1,897 shares in the last quarter. Barclays PLC grew its stake in REX American Resources by 14.5% in the fourth quarter. Barclays PLC now owns 49,089 shares of the energy company's stock valued at $2,048,000 after purchasing an additional 6,234 shares in the last quarter. First Trust Advisors LP bought a new position in REX American Resources in the fourth quarter valued at approximately $244,000. Hsbc Holdings PLC grew its stake in REX American Resources by 33.8% in the fourth quarter. Hsbc Holdings PLC now owns 13,354 shares of the energy company's stock valued at $559,000 after purchasing an additional 3,377 shares in the last quarter. Finally, Northern Trust Corp grew its stake in REX American Resources by 1.3% in the fourth quarter. Northern Trust Corp now owns 231,773 shares of the energy company's stock valued at $9,663,000 after purchasing an additional 2,882 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Price Performance

REX stock traded up $2.8210 during mid-day trading on Friday, reaching $59.9310. The company had a trading volume of 102,538 shares, compared to its average volume of 71,852. The stock has a 50 day simple moving average of $52.71 and a two-hundred day simple moving average of $44.44. The company has a market capitalization of $987.06 million, a price-to-earnings ratio of 18.61 and a beta of 0.58. REX American Resources Corporation has a 52 week low of $33.45 and a 52 week high of $60.08.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share 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 during the quarter, compared to the consensus estimate of $161.00 million. On average, equities analysts predict 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.