REX American Resources (NYSE:REX) Hits New 12-Month High - Still a Buy?

Key Points

• REX American Resources shares reached a new **52-week high** of $62.58, closing at $61.67 with a trading volume of 5,991 shares.
• The company reported an **EPS of $0.43**, exceeding analysts' expectations of $0.38, although revenue of $158.56 million fell short of the $165.00 million consensus estimate.
• **Institutional investors** hold a significant stake in REX, with 88.12% of shares owned by various funds, including substantial increases by Public Employees Retirement System of Ohio by **446.1%** in the second quarter.

REX American Resources Corporation (NYSE:REX - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $62.58 and last traded at $61.67, with a volume of 5991 shares trading hands. The stock had previously closed at $62.00.

REX American Resources Stock Performance

The business's 50-day moving average price is $55.62 and its 200 day moving average price is $45.98. The company has a market cap of $1.02 billion, a P/E ratio of 20.86 and a beta of 0.66.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.43 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $165.00 million. Equities research analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REX. Elevation Point Wealth Partners LLC bought a new position in shares of REX American Resources in the 2nd quarter valued at about $33,000. AlphaQuest LLC bought a new stake in shares of REX American Resources during the 2nd quarter worth about $58,000. CWM LLC boosted its holdings in shares of REX American Resources by 139.8% during the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after buying an additional 1,160 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of REX American Resources by 446.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,086 shares of the energy company's stock worth $102,000 after buying an additional 1,704 shares during the period. Finally, State of Wyoming bought a new stake in shares of REX American Resources during the 2nd quarter worth about $140,000. Institutional investors own 88.12% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.