Alps Advisors Inc. Grows Stake in REX American Resources Corporation $REX

Alps Advisors Inc. increased its stake in shares of REX American Resources Corporation (NYSE:REX) by 78.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,398 shares of the energy company’s stock after acquiring an additional 19,122 shares during the period. Alps Advisors Inc. owned approximately 0.13% of REX American Resources worth $1,329,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Savant Capital LLC increased its position in shares of REX American Resources by 102.2% during the third quarter. Savant Capital LLC now owns 12,038 shares of the energy company’s stock worth $369,000 after acquiring an additional 6,085 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of REX American Resources by 100.0% during the third quarter. Westside Investment Management Inc. now owns 4,500 shares of the energy company’s stock worth $138,000 after buying an additional 2,250 shares in the last quarter. State of Wyoming increased its stake in shares of REX American Resources by 143.7% in the third quarter. State of Wyoming now owns 6,992 shares of the energy company’s stock worth $214,000 after buying an additional 4,123 shares during the last quarter. Principal Financial Group Inc. raised its holdings in REX American Resources by 112.9% in the third quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock valued at $4,728,000 after acquiring an additional 81,869 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in REX American Resources by 90.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,436 shares of the energy company’s stock valued at $626,000 after acquiring an additional 9,684 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on REX shares. Weiss Ratings restated a “buy (b-)” rating on shares of REX American Resources in a research note on Monday, December 29th. Wall Street Zen upgraded REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $25.00.

REX American Resources Stock Up 1.5%

REX opened at $35.65 on Thursday. The business has a 50 day moving average of $33.70 and a 200-day moving average of $31.73. REX American Resources Corporation has a 12-month low of $16.73 and a 12-month high of $36.50. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 23.85 and a beta of 0.76.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Thursday, December 4th. The energy company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.45. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. The company had revenue of $175.63 million for the quarter, compared to analyst estimates of $169.00 million. During the same period in the prior year, the firm earned $1.38 earnings per share. As a group, analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current year.

REX American Resources Company 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.