HRT Financial LP Buys Shares of 20,043 REX American Resources Co. (NYSE:REX)

Posted by Defense World Staff on Jun 3rd, 2023

HRT Financial LP purchased a new position in shares of REX American Resources Co. (NYSE:REX – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,043 shares of the energy company’s stock, valued at approximately $638,000. HRT Financial LP owned 0.12% of REX American Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in REX American Resources by 40.5% during the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock worth $50,000 after buying an additional 145 shares during the period. Rhumbline Advisers lifted its stake in REX American Resources by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 16,398 shares of the energy company’s stock worth $1,391,000 after acquiring an additional 371 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in REX American Resources by 13.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,491 shares of the energy company’s stock valued at $447,000 after acquiring an additional 520 shares in the last quarter. Barclays PLC increased its stake in REX American Resources by 14.5% during the third quarter. Barclays PLC now owns 4,140 shares of the energy company’s stock worth $115,000 after purchasing an additional 524 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of REX American Resources by 185.9% during the third quarter. Tower Research Capital LLC TRC now owns 889 shares of the energy company’s stock worth $25,000 after purchasing an additional 578 shares in the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.

REX American Resources Trading Up 3.8 %

NYSE:REX opened at $34.31 on Friday. REX American Resources Co. has a 12-month low of $26.05 and a 12-month high of $36.31. The firm has a market cap of $596.65 million, a PE ratio of 21.72 and a beta of 0.92. The stock has a fifty day moving average price of $29.64 and a 200 day moving average price of $30.89.

REX American Resources (NYSE:REX – Get Rating) last announced its quarterly earnings data on Thursday, March 23rd. The energy company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.11. REX American Resources had a return on equity of 5.46% and a net margin of 3.18%. The business had revenue of $200.17 million during the quarter, compared to analysts’ expectations of $210.00 million. Equities analysts forecast that REX American Resources Co. will post 1.91 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Douglas Bruggeman sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $35.00, for a total value of $122,500.00. Following the sale, the chief financial officer now directly owns 65,752 shares in the company, valued at approximately $2,301,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of REX American Resources in a research note on Thursday, May 18th. They set a “buy” rating on the stock.

REX American Resources Company Profile

(Get Rating)

REX American Resources Corp. is a holding company, which engages in the investment in alternative energy and ethanol production entities. It operates through one segment: Ethanol and By-products. The Ethanol and By-products segment refers to the equity investments in three ethanol limited liability companies.

Want to see what other hedge funds are holding REX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for REX American Resources Co. (NYSE:REX – Get Rating).

Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

Receive News & Ratings for REX American Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources and related companies with MarketBeat.com's FREE daily email newsletter.