Jane Street Group LLC Takes $1.73 Million Position in REX American Resources Co. (NYSE:REX)

Jane Street Group LLC purchased a new stake in REX American Resources Co. (NYSE:REX) in the fourth quarter, Holdings Channel reports. The firm purchased 41,584 shares of the energy company’s stock, valued at approximately $1,734,000.

Other institutional investors have also made changes to their positions in the company. AlphaQuest LLC bought a new stake in shares of REX American Resources in the 4th quarter valued at approximately $46,000. Ballentine Partners LLC bought a new position in REX American Resources during the 4th quarter worth $232,000. SG Americas Securities LLC grew its stake in REX American Resources by 36.1% during the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company’s stock worth $237,000 after buying an additional 1,506 shares during the last quarter. First Trust Advisors LP bought a new position in REX American Resources during the 4th quarter worth $244,000. Finally, Ieq Capital LLC bought a new position in REX American Resources during the 4th quarter worth $257,000. 88.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial restated a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

REX American Resources Price Performance

Shares of REX opened at $42.68 on Friday. The company has a market cap of $709.24 million, a P/E ratio of 11.17 and a beta of 0.51. The stock has a fifty day moving average price of $38.85 and a 200 day moving average price of $41.09. REX American Resources Co. has a 12 month low of $33.45 and a 12 month high of $59.91.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.36. The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the prior year, the business earned $1.16 EPS. As a group, research analysts anticipate that REX American Resources Co. will post 2.93 earnings per share for the current year.

REX American Resources declared that its board has initiated a stock buyback program on Wednesday, March 26th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the energy company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.