Strs Ohio Boosts Stake in REX American Resources Co. (NYSE:REX)

Strs Ohio boosted its stake in shares of REX American Resources Co. (NYSE:REX – Get Rating) by 200.0% in the third quarter, Holdings Channel reports. The institutional investor owned 15,600 shares of the energy company’s stock after acquiring an additional 10,400 shares during the period. Strs Ohio’s holdings in REX American Resources were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KBC Group NV purchased a new stake in shares of REX American Resources during the second quarter worth about $39,000. Captrust Financial Advisors grew its stake in shares of 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 acquiring an additional 145 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of REX American Resources during the third quarter worth about $209,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of REX American Resources during the second quarter worth about $213,000. Finally, Delphia USA Inc. purchased a new stake in shares of REX American Resources during the first quarter worth about $215,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on REX American Resources in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

REX American Resources Stock Performance

Shares of REX stock opened at $30.54 on Friday. The stock’s 50-day simple moving average is $30.96 and its 200-day simple moving average is $32.40. The firm has a market capitalization of $531.09 million, a price-to-earnings ratio of 13.26 and a beta of 0.95. REX American Resources Co. has a fifty-two week low of $26.05 and a fifty-two week high of $36.31.

REX American Resources (NYSE:REX – Get Rating) last issued its earnings results on Thursday, December 1st. The energy company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $220.28 million for the quarter, compared to analyst estimates of $210.00 million. REX American Resources had a return on equity of 8.21% and a net margin of 4.73%. As a group, equities analysts forecast that REX American Resources Co. will post 1.46 earnings per share for the current year.

REX American Resources Company Profile

(Get Rating)

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.