American Century Companies Inc. Acquires 386,947 Shares of REX American Resources Corporation $REX

American Century Companies Inc. grew its stake in REX American Resources Corporation (NYSE:REX) by 88.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 826,427 shares of the energy company’s stock after purchasing an additional 386,947 shares during the quarter. American Century Companies Inc. owned about 2.50% of REX American Resources worth $25,305,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in REX American Resources by 116.5% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock valued at $33,000 after purchasing an additional 580 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in REX American Resources during the second quarter worth about $33,000. Ameritas Investment Partners Inc. grew its position in shares of REX American Resources by 59.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after buying an additional 921 shares during the period. US Bancorp DE grew its position in shares of REX American Resources by 100.0% during the 3rd quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock worth $82,000 after buying an additional 1,340 shares during the period. Finally, Westside Investment Management Inc. increased its stake in shares of REX American Resources by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 4,500 shares of the energy company’s stock valued at $138,000 after acquiring an additional 2,250 shares during the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Trading Up 0.3%

REX stock opened at $37.40 on Monday. The business’s 50-day moving average price is $34.08 and its two-hundred day moving average price is $32.73. The firm has a market cap of $1.23 billion, a PE ratio of 25.02 and a beta of 0.73. REX American Resources Corporation has a 1-year low of $16.73 and a 1-year high of $37.83.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.45. The company had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.During the same period in the prior year, the company earned $1.38 earnings per share. On average, analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on REX shares. Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $25.00.

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.