SG Americas Securities LLC Has $940,000 Stock Holdings in REX American Resources Corporation (NYSE:REX)

SG Americas Securities LLC raised its position in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 340.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,022 shares of the energy company's stock after buying an additional 19,340 shares during the quarter. SG Americas Securities LLC owned 0.15% of REX American Resources worth $940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of REX American Resources by 8.6% in the 4th quarter. Ameriprise Financial Inc. now owns 89,543 shares of the energy company's stock valued at $3,733,000 after acquiring an additional 7,098 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of REX American Resources by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company's stock valued at $5,145,000 after purchasing an additional 19,686 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of REX American Resources by 23.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,035 shares of the energy company's stock valued at $1,961,000 after purchasing an additional 9,025 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of REX American Resources in the fourth quarter worth $890,000. Finally, XTX Topco Ltd purchased a new position in shares of REX American Resources during the fourth quarter valued at $605,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial restated a "buy" rating and set a $50.00 price objective (down from $55.00) on shares of REX American Resources in a research report on Thursday, March 27th.

REX American Resources Stock Performance

Shares of REX stock traded down $0.51 during trading on Friday, hitting $49.03. 483,512 shares of the company were exchanged, compared to its average volume of 136,541. The firm has a market capitalization of $807.39 million, a price-to-earnings ratio of 15.23 and a beta of 0.53. The business's 50-day simple moving average is $42.37 and its 200 day simple moving average is $40.87. REX American Resources Corporation has a twelve month low of $33.45 and a twelve month high of $52.00.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $161.00 million. On average, equities analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

REX American Resources announced that its board has authorized a share buyback program on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.