Shares of REX American Resources Co. (NYSE:REX – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $53.50 and last traded at $51.23, with a volume of 68579 shares. The stock had previously closed at $43.92.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.
REX American Resources Price Performance
Hedge Funds Weigh In On REX American Resources
Several institutional investors have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in REX American Resources during the 1st quarter valued at about $267,000. Citigroup Inc. boosted its position in REX American Resources by 47.0% during the 1st quarter. Citigroup Inc. now owns 6,957 shares of the energy company’s stock worth $693,000 after acquiring an additional 2,224 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of REX American Resources in the first quarter worth $1,135,000. MetLife Investment Management LLC increased its holdings in shares of REX American Resources by 55.7% during the first quarter. MetLife Investment Management LLC now owns 2,727 shares of the energy company’s stock valued at $272,000 after purchasing an additional 975 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in REX American Resources by 193.8% in the first quarter. Panagora Asset Management Inc. now owns 12,468 shares of the energy company’s stock worth $1,242,000 after purchasing an additional 8,224 shares during the period. Institutional investors own 88.12% of the company’s stock.
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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.
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