REX American Resources Corporation $REX Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in REX American Resources Corporation by 0.9%, now owning approximately 1.3 million shares worth $49.46 million.
• Other institutional investors, such as Brown Advisory Inc. and SG Americas Securities LLC, have also significantly increased their holdings in REX American Resources during the first quarter.
• REX American Resources reported a quarterly earnings per share (EPS) of $0.51, surpassing analysts' expectations of $0.34.

Vanguard Group Inc. lifted its stake in REX American Resources Corporation (NYSE:REX - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,316,404 shares of the energy company's stock after buying an additional 11,785 shares during the period. Vanguard Group Inc. owned approximately 7.92% of REX American Resources worth $49,457,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of REX American Resources by 18.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,732 shares of the energy company's stock valued at $366,000 after buying an additional 1,542 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in REX American Resources during the 1st quarter worth $290,000. Pacer Advisors Inc. purchased a new position in REX American Resources during the 1st quarter worth $2,213,000. Royce & Associates LP grew its position 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 purchasing an additional 2,668 shares during the last quarter. Finally, South Dakota Investment Council purchased a new position in REX American Resources during the 1st quarter worth $210,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Stock Performance

REX American Resources stock traded up $3.32 during midday trading on Thursday, hitting $64.16. 158,261 shares of the company's stock were exchanged, compared to its average volume of 95,544. REX American Resources Corporation has a 12-month low of $33.45 and a 12-month high of $64.95. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 21.75 and a beta of 0.58. The firm's 50 day simple moving average is $53.74 and its 200 day simple moving average is $44.98.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. The company had revenue of $158.56 million for the quarter, compared to the consensus estimate of $165.00 million. On average, equities research analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current fiscal 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.