Cornercap Investment Counsel Inc. Has $211,000 Holdings in REX American Resources Co. (NYSE:REX)

Cornercap Investment Counsel Inc. decreased its stake in REX American Resources Co. (NYSE:REX) by 51.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,549 shares of the energy company’s stock after selling 4,895 shares during the period. Cornercap Investment Counsel Inc.’s holdings in REX American Resources were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in REX American Resources by 146.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,874 shares of the energy company’s stock worth $1,049,000 after purchasing an additional 10,613 shares during the last quarter. Vanguard Group Inc. grew its position in REX American Resources by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock worth $70,535,000 after buying an additional 68,211 shares in the last quarter. Victory Capital Management Inc. increased 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 valued at $3,269,000 after acquiring an additional 60,367 shares during the period. Millennium Management LLC raised its holdings in REX American Resources by 61.4% in the 2nd quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock valued at $4,691,000 after acquiring an additional 39,126 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in REX American Resources by 226.9% in the 1st quarter. Sei Investments Co. now owns 14,034 shares of the energy company’s stock valued at $824,000 after acquiring an additional 9,741 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Stock Performance

Shares of REX stock opened at $46.30 on Tuesday. The firm has a fifty day moving average of $45.67 and a 200-day moving average of $47.26. The stock has a market cap of $813.35 million, a price-to-earnings ratio of 11.78 and a beta of 0.94. REX American Resources Co. has a 52-week low of $36.39 and a 52-week high of $60.78.

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

Analyst Ratings Changes

Separately, Truist Financial decreased their price objective 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.

REX American Resources 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.