REX American Resources (NYSE:REX) Reaches New 52-Week High - Should You Buy?

Key Points

• REX American Resources reached a new 52-week high of $55.70 during trading, closing at $55.94 with a total volume of 5,954 shares traded.
• The company reported $0.51 earnings per share for the last quarter, exceeding estimates of $0.34 and reflecting a return on equity of 8.97%.
• Institutional investors hold 88.12% of REX's stock, with notable increases in stakes from firms such as Brown Advisory Inc. and SG Americas Securities LLC.

REX American Resources Corporation (NYSE:REX - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $55.70 and last traded at $55.94, with a volume of 5954 shares traded. The stock had previously closed at $55.01.

REX American Resources Trading Up 2.4%

The company has a 50 day moving average price of $51.54 and a 200 day moving average price of $43.92. The firm has a market cap of $927.34 million, a PE ratio of 17.49 and a beta of 0.58.

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

Institutional Investors Weigh In On REX American Resources

A number of institutional investors and hedge funds have recently bought and sold shares of REX. Brown Advisory Inc. lifted its stake in shares of REX American Resources by 7.7% during the 1st quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock worth $27,625,000 after purchasing an additional 52,737 shares during the period. SG Americas Securities LLC lifted its stake in shares of REX American Resources by 340.4% during the 1st quarter. SG Americas Securities LLC now owns 25,022 shares of the energy company's stock worth $940,000 after purchasing an additional 19,340 shares during the period. GAMMA Investing LLC lifted its stake in shares of REX American Resources by 5,304.6% during the 1st quarter. GAMMA Investing LLC now owns 7,026 shares of the energy company's stock worth $264,000 after purchasing an additional 6,896 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of REX American Resources by 8.6% during the 4th quarter. Ameriprise Financial Inc. now owns 89,543 shares of the energy company's stock worth $3,733,000 after purchasing an additional 7,098 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 worth $1,961,000 after purchasing an additional 9,025 shares during the period. 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, 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.