Bridgeway Capital Management LLC Purchases 3,618 Shares of REX American Resources Co. (NYSE:REX)

Bridgeway Capital Management LLC raised its position in shares of REX American Resources Co. (NYSE:REX) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,439 shares of the energy company’s stock after acquiring an additional 3,618 shares during the quarter. Bridgeway Capital Management LLC owned about 0.95% of REX American Resources worth $6,939,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its holdings in shares of REX American Resources by 2.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company’s stock worth $364,000 after buying an additional 245 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of REX American Resources by 5.4% during the fourth quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company’s stock valued at $491,000 after acquiring an additional 600 shares in the last quarter. Diversified Trust Co raised its position in shares of REX American Resources by 12.5% during the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock worth $228,000 after purchasing an additional 610 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in REX American Resources by 16.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,765 shares of the energy company’s stock valued at $282,000 after purchasing an additional 950 shares during the period. Finally, AlphaQuest LLC bought a new stake in REX American Resources during the 4th quarter valued at $46,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Stock Performance

REX opened at $39.76 on Wednesday. The firm has a market cap of $660.72 million, a P/E ratio of 10.41 and a beta of 0.51. REX American Resources Co. has a fifty-two week low of $33.45 and a fifty-two week high of $60.41. The firm has a 50-day moving average of $38.11 and a 200 day moving average of $41.27.

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

REX American Resources declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

REX American Resources 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.