REX American Resources (NYSE:REX) Hits New 12-Month High at $53.50

Shares of REX American Resources Co. (NYSE:REX - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $53.50 and last traded at $51.23, with a volume of 68579 shares changing hands. The stock had previously closed at $43.92.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of REX American Resources from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th.

REX American Resources Trading Up 33.7 %

The firm's 50 day moving average is $43.33 and its two-hundred day moving average is $41.71. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 20.15 and a beta of 1.04.

Institutional Investors Weigh In On REX American Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in REX American Resources by 194.4% during the third quarter. BlackRock Inc. now owns 2,690,593 shares of the energy company's stock valued at $75,121,000 after acquiring an additional 1,776,751 shares during the period. Vanguard Group Inc. lifted its stake in shares of REX American Resources by 196.5% during the third quarter. Vanguard Group Inc. now owns 1,235,009 shares of the energy company's stock worth $34,482,000 after purchasing an additional 818,479 shares in the last quarter. State Street Corp grew its stake in shares of REX American Resources by 180.4% in the third quarter. State Street Corp now owns 854,961 shares of the energy company's stock valued at $23,871,000 after buying an additional 550,029 shares in the last quarter. AWH Capital L.P. purchased a new stake in shares of REX American Resources during the 1st quarter valued at about $4,875,000. Finally, Brightline Capital Management LLC purchased a new position in REX American Resources in the 4th quarter worth approximately $7,946,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.