Teacher Retirement System of Texas Increases Position in REX American Resources Corporation $REX

Teacher Retirement System of Texas increased its holdings in REX American Resources Corporation (NYSE:REX) by 112.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,794 shares of the energy company’s stock after acquiring an additional 28,445 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.16% of REX American Resources worth $1,647,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of REX American Resources in the 2nd quarter valued at approximately $33,000. GAMMA Investing LLC grew its holdings in REX American Resources by 116.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock worth $33,000 after acquiring an additional 580 shares in the last quarter. AlphaQuest LLC bought a new position in shares of REX American Resources during the second quarter worth about $58,000. Public Employees Retirement System of Ohio lifted its position in shares of REX American Resources by 446.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,086 shares of the energy company’s stock worth $102,000 after purchasing an additional 1,704 shares during the last quarter. Finally, State of Wyoming acquired a new position in REX American Resources in the second quarter worth about $140,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Price Performance

Shares of NYSE REX opened at $33.82 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of 22.62 and a beta of 0.76. REX American Resources Corporation has a 1-year low of $16.73 and a 1-year high of $36.50. The business’s fifty day moving average price is $33.38 and its two-hundred day moving average price is $31.28.

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

Analysts Set New Price Targets

A number of research firms have commented on REX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REX American Resources in a report 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.