State Board of Administration of Florida Retirement System Invests $213,000 in REX American Resources Co. (NYSE:REX)

State Board of Administration of Florida Retirement System bought a new position in shares of REX American Resources Co. (NYSE:REXGet Rating) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,516 shares of the energy company’s stock, valued at approximately $213,000.

A number of other large investors have also modified their holdings of REX. Captrust Financial Advisors grew its holdings in shares of REX American Resources by 40.5% in the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock valued at $50,000 after purchasing an additional 145 shares during the period. Strs Ohio grew its holdings in shares of REX American Resources by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the energy company’s stock valued at $440,000 after purchasing an additional 300 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of REX American Resources by 8.6% in the second quarter. State of Alaska Department of Revenue now owns 3,932 shares of the energy company’s stock valued at $333,000 after purchasing an additional 310 shares during the period. Royce & Associates LP grew its holdings in shares of REX American Resources by 11.1% in the first quarter. Royce & Associates LP now owns 4,297 shares of the energy company’s stock valued at $428,000 after purchasing an additional 431 shares during the period. Finally, KBC Group NV purchased a new stake in shares of REX American Resources in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 27.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of REX American Resources in a report on Wednesday, October 12th. They issued a “buy” rating for the company.

REX American Resources Price Performance

Shares of REX stock opened at $32.23 on Tuesday. The firm has a market cap of $568.54 million, a PE ratio of 10.83 and a beta of 1.03. The company has a 50-day moving average of $29.23 and a two-hundred day moving average of $31.97. REX American Resources Co. has a 1-year low of $26.05 and a 1-year high of $113.43.

REX American Resources (NYSE:REXGet Rating) last announced its earnings results on Tuesday, August 30th. The energy company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $240.33 million during the quarter, compared to analyst estimates of $237.00 million. REX American Resources had a net margin of 6.24% and a return on equity of 10.45%. During the same quarter last year, the firm posted $0.44 earnings per share. Sell-side analysts anticipate that REX American Resources Co. will post 1.3 EPS for the current fiscal year.

REX American Resources Company Profile

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REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed.

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

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