Hotchkis & Wiley Capital Management LLC Acquires 172,780 Shares of REX American Resources Co. (NYSE:REX)

Hotchkis & Wiley Capital Management LLC increased its holdings in REX American Resources Co. (NYSE:REX) by 254.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,597 shares of the energy company’s stock after acquiring an additional 172,780 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in REX American Resources were worth $11,137,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of REX. Pacer Advisors Inc. bought a new position in shares of REX American Resources in the third quarter valued at approximately $20,590,000. American Century Companies Inc. grew its holdings in shares of REX American Resources by 148.8% in the second quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock valued at $12,248,000 after acquiring an additional 160,685 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of REX American Resources by 440.6% in the second quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company’s stock valued at $3,927,000 after acquiring an additional 70,207 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of REX American Resources by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock valued at $70,535,000 after acquiring an additional 68,211 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of REX American Resources by 532.2% in the second quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company’s stock valued at $3,269,000 after acquiring an additional 60,367 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

REX American Resources Trading Down 3.3 %

Shares of NYSE REX opened at $42.01 on Wednesday. The stock has a fifty day simple moving average of $45.50 and a two-hundred day simple moving average of $46.19. REX American Resources Co. has a 1-year low of $40.05 and a 1-year high of $60.78. The firm has a market cap of $737.99 million, a price-to-earnings ratio of 10.69 and a beta of 0.90.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. During the same quarter last year, the business earned $1.49 earnings per share. Analysts forecast that REX American Resources Co. will post 2.6 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective on REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 27th.

About REX American Resources

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.