Principal Financial Group Inc. Grows Stake in REX American Resources Corporation $REX

Principal Financial Group Inc. lifted its stake in REX American Resources Corporation (NYSE:REX) by 112.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,397 shares of the energy company’s stock after buying an additional 81,869 shares during the period. Principal Financial Group Inc.’s holdings in REX American Resources were worth $4,728,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its position in REX American Resources by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock worth $3,619,000 after acquiring an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of REX American Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after purchasing an additional 390 shares during the period. Empowered Funds LLC lifted its position in shares of REX American Resources by 4.1% during the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock worth $2,956,000 after purchasing an additional 3,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of REX American Resources by 74.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock worth $3,090,000 after purchasing an additional 35,209 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of REX American Resources by 102.7% in the second quarter. CWM LLC now owns 4,033 shares of the energy company’s stock valued at $196,000 after purchasing an additional 2,043 shares during the period. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Stock Up 0.8%

Shares of NYSE REX opened at $33.15 on Monday. The stock’s 50 day moving average price is $33.64 and its two-hundred day moving average price is $31.84. REX American Resources Corporation has a 52-week low of $16.73 and a 52-week high of $36.50. The stock has a market capitalization of $1.09 billion, a P/E ratio of 22.17 and a beta of 0.76.

REX American Resources (NYSE:REX) last issued its 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. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.The company had revenue of $175.63 million during the quarter, compared to analyst estimates of $169.00 million. During the same quarter last year, the firm earned $1.38 EPS. On average, analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen upgraded REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.