SG Americas Securities LLC Buys 19,340 Shares of REX American Resources Corporation (NYSE:REX)

SG Americas Securities LLC raised its holdings in REX American Resources Corporation (NYSE:REX - Free Report) by 340.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 25,022 shares of the energy company's stock after acquiring an additional 19,340 shares during the quarter. SG Americas Securities LLC owned approximately 0.15% of REX American Resources worth $940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in shares of REX American Resources by 8.6% in the fourth quarter. Ameriprise Financial Inc. now owns 89,543 shares of the energy company's stock valued at $3,733,000 after buying an additional 7,098 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 19,686 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in REX American Resources by 23.7% during the 4th 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 during the period. Proficio Capital Partners LLC acquired a new stake in REX American Resources during the 4th quarter valued at approximately $890,000. Finally, XTX Topco Ltd bought a new position in REX American Resources during the 4th quarter worth approximately $605,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

REX American Resources Stock Up 2.3%

REX traded up $1.13 during trading on Thursday, reaching $49.57. 138,233 shares of the stock traded hands, compared to its average volume of 138,279. The stock's 50-day moving average is $41.94 and its 200 day moving average is $40.79. REX American Resources Corporation has a 12 month low of $33.45 and a 12 month high of $52.00. The stock has a market capitalization of $816.42 million, a PE ratio of 15.39 and a beta of 0.53.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 earnings per share (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 company had revenue of $158.34 million for the quarter, compared to the consensus estimate of $161.00 million. As a group, equities research analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.

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

About REX American Resources

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.