REX American Resources Co. (NYSE:REX) Stock Position Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in REX American Resources Co. (NYSE:REX) by 25.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,031 shares of the energy company’s stock after selling 7,916 shares during the quarter. Los Angeles Capital Management LLC’s holdings in REX American Resources were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in REX American Resources by 146.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,874 shares of the energy company’s stock valued at $1,049,000 after purchasing an additional 10,613 shares during the last quarter. Vanguard Group Inc. grew its position in shares of REX American Resources by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock valued at $70,535,000 after buying an additional 68,211 shares during the last quarter. Victory Capital Management Inc. raised its stake in REX American Resources by 532.2% during the second quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company’s stock worth $3,269,000 after acquiring an additional 60,367 shares during the period. Millennium Management LLC lifted its holdings in REX American Resources by 61.4% in the second quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock worth $4,691,000 after acquiring an additional 39,126 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in REX American Resources by 163.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock valued at $150,000 after acquiring an additional 1,583 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Stock Performance

REX American Resources stock opened at $46.17 on Friday. REX American Resources Co. has a one year low of $35.73 and a one year high of $60.78. The company has a 50-day simple moving average of $45.52 and a 200-day simple moving average of $47.51. The firm has a market capitalization of $811.21 million, a P/E ratio of 11.75 and a beta of 0.94.

REX American Resources (NYSE:REX) last posted its earnings results on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26. The firm had revenue of $148.16 million during the quarter, compared to analysts’ expectations of $146.00 million. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, sell-side analysts forecast that REX American Resources Co. will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Truist Financial cut their price target on REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th.

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.