REX American Resources' (REX) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

REX American Resources (NYSE:REX - Get Free Report)'s stock had its "hold (c+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

REX American Resources Trading Down 1.2%

Shares of REX stock opened at $31.05 on Wednesday. REX American Resources has a 1 year low of $16.73 and a 1 year high of $32.83. The firm's fifty day moving average price is $29.59 and its two-hundred day moving average price is $24.77. The firm has a market capitalization of $1.03 billion, a P/E ratio of 21.05 and a beta of 0.68.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. 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. As a group, equities research analysts forecast that REX American Resources will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REX. Nuveen LLC bought a new position in shares of REX American Resources in the 1st quarter valued at about $5,824,000. South Dakota Investment Council grew its position in shares of REX American Resources by 1,879.5% in the 2nd quarter. South Dakota Investment Council now owns 110,854 shares of the energy company's stock valued at $5,400,000 after acquiring an additional 105,254 shares during the period. Pacer Advisors Inc. bought a new position in shares of REX American Resources in the 1st quarter valued at about $2,213,000. Brown Advisory Inc. grew its position in shares of REX American Resources by 7.7% in the 1st quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock valued at $27,625,000 after acquiring an additional 52,737 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of REX American Resources by 185.5% during the 2nd quarter. Jane Street Group LLC now owns 67,569 shares of the energy company's stock worth $3,291,000 after buying an additional 43,906 shares during the period. 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.

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