REX American Resources Corporation (NYSE:REX) Stock Rating Lowered by BidaskClub

REX American Resources Corporation (NYSE:REX) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, July 24th.

REX American Resources Corporation (NYSE:REX) opened at 92.67 on Monday. The stock has a 50 day moving average of $96.72 and a 200-day moving average of $91.68. REX American Resources Corporation has a 1-year low of $72.07 and a 1-year high of $107.87. The company has a market cap of $607.73 million, a PE ratio of 17.95 and a beta of 1.59.

REX American Resources Corporation (NYSE:REX) last posted its earnings results on Wednesday, May 24th. The energy company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by $0.52. REX American Resources Corporation had a net margin of 7.29% and a return on equity of 8.96%. The business had revenue of $113.14 million during the quarter. On average, equities research analysts predict that REX American Resources Corporation will post $4.62 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund raised its stake in shares of REX American Resources Corporation by 0.5% in the second quarter. Texas Permanent School Fund now owns 4,118 shares of the energy company’s stock worth $398,000 after buying an additional 19 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in REX American Resources Corporation by 1.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the energy company’s stock valued at $175,000 after buying an additional 28 shares during the last quarter. Mason Street Advisors LLC increased its stake in REX American Resources Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,324 shares of the energy company’s stock valued at $120,000 after buying an additional 87 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in REX American Resources Corporation by 3.9% in the first quarter. Thrivent Financial For Lutherans now owns 3,180 shares of the energy company’s stock valued at $288,000 after buying an additional 120 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in REX American Resources Corporation by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,537 shares of the energy company’s stock valued at $438,000 after buying an additional 133 shares during the last quarter. 91.50% of the stock is owned by hedge funds and other institutional investors.

About REX American Resources Corporation

Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

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