30,405 Shares in REX American Resources Corporation $REX Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in REX American Resources Corporation (NYSE:REX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,405 shares of the energy company’s stock, valued at approximately $931,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC increased its holdings in shares of REX American Resources by 13.0% in the second quarter. Bridgeway Capital Management LLC now owns 191,690 shares of the energy company’s stock valued at $9,337,000 after purchasing an additional 22,123 shares during the period. South Dakota Investment Council grew its position in 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 buying an additional 105,254 shares during the last quarter. Ameriprise Financial Inc. increased its stake in REX American Resources by 7.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 98,388 shares of the energy company’s stock valued at $4,792,000 after buying an additional 6,815 shares during the period. AQR Capital Management LLC raised its position in REX American Resources by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock worth $3,619,000 after buying an additional 21,781 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of REX American Resources by 55.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock worth $4,657,000 after acquiring an additional 34,030 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of REX American Resources in a research note on Monday, December 29th. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $25.00.

REX American Resources Stock Performance

Shares of NYSE REX opened at $33.82 on Monday. REX American Resources Corporation has a one year low of $16.73 and a one year high of $36.50. The firm has a market capitalization of $1.11 billion, a P/E ratio of 22.62 and a beta of 0.76. The company’s fifty day moving average is $33.38 and its two-hundred day moving average is $31.31.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Thursday, December 4th. The energy company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.26 by $0.45. The firm had revenue of $175.63 million during the quarter, compared to analysts’ expectations of $169.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. During the same quarter last year, the business earned $1.38 earnings per share. On average, sell-side analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.