REX American Resources (NYSE:REX) Sets New 52-Week High - Time to 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) reached a new 52-week high on Tuesday . The stock traded as high as $62.58 and last traded at $61.67, with a volume of 5991 shares traded. The stock had previously closed at $62.00.

REX American Resources Trading Down 1.6%

The firm has a fifty day simple moving average of $56.38 and a two-hundred day simple moving average of $46.53. The firm has a market cap of $1.00 billion, a PE ratio of 20.60 and a beta of 0.66.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of REX American Resources in the 2nd quarter valued at approximately $33,000. AlphaQuest LLC purchased a new position in shares of REX American Resources in the 2nd quarter valued at approximately $58,000. CWM LLC lifted its stake in shares of REX American Resources by 139.8% in the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock valued at $75,000 after purchasing an additional 1,160 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of REX American Resources by 446.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,086 shares of the energy company's stock valued at $102,000 after purchasing an additional 1,704 shares during the period. Finally, State of Wyoming purchased a new position in shares of REX American Resources in the 2nd quarter valued at approximately $140,000. Hedge funds and other 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.