AMREP Co. (NYSE:AXR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.82 and traded as high as $22.00. AMREP shares last traded at $21.93, with a volume of 11,276 shares traded.
AMREP Price Performance
The firm has a market capitalization of $115.57 million, a P/E ratio of 40.61 and a beta of 0.99. The firm has a 50-day moving average price of $21.94 and a two-hundred day moving average price of $19.82.
AMREP (NYSE:AXR – Get Free Report) last announced its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. The firm had revenue of $12.69 million for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%.
Insider Activity
Hedge Funds Weigh In On AMREP
Several institutional investors and hedge funds have recently added to or reduced their stakes in AXR. Gate City Capital Management LLC purchased a new position in AMREP in the fourth quarter valued at about $9,505,000. Cerity Partners LLC purchased a new position in AMREP in the fourth quarter valued at about $2,529,000. Acuitas Investments LLC grew its stake in AMREP by 210.9% in the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after purchasing an additional 65,184 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of AMREP by 17.4% during the third quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider’s stock worth $1,967,000 after acquiring an additional 25,857 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of AMREP during the second quarter worth about $198,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.
AMREP Company Profile
AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
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