Cerity Partners LLC Makes New Investment in AMREP Co. (NYSE:AXR)

Cerity Partners LLC acquired a new position in shares of AMREP Co. (NYSE:AXR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 115,132 shares of the business services provider’s stock, valued at approximately $2,529,000.

Several other institutional investors also recently bought and sold shares of AXR. Royal Bank of Canada increased its holdings in AMREP by 11.1% during the 3rd quarter. Royal Bank of Canada now owns 9,000 shares of the business services provider’s stock worth $102,000 after purchasing an additional 900 shares during the period. Vanguard Group Inc. increased its holdings in AMREP by 17.4% during the 3rd quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider’s stock worth $1,967,000 after purchasing an additional 25,857 shares during the period. Renaissance Technologies LLC increased its holdings in AMREP by 3.5% during the 1st quarter. Renaissance Technologies LLC now owns 119,800 shares of the business services provider’s stock worth $1,676,000 after purchasing an additional 4,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of AMREP by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider’s stock valued at $2,912,000 after acquiring an additional 1,394 shares during the period. Finally, Northern Trust Corp purchased a new position in shares of AMREP in the 2nd quarter valued at $198,000. 59.85% of the stock is currently owned by hedge funds and other institutional investors.

AMREP Trading Up 2.7 %

Shares of NYSE:AXR opened at $22.17 on Friday. AMREP Co. has a 12-month low of $13.46 and a 12-month high of $24.36. The business’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $20.00. The company has a market capitalization of $116.84 million, a PE ratio of 41.06 and a beta of 0.99.

AMREP (NYSE:AXR) last announced its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The business had revenue of $12.69 million for the quarter.

Insider Activity

In other AMREP news, major shareholder James H. Dahl bought 1,800 shares of AMREP stock in a transaction that occurred on Monday, January 22nd. The shares were bought at an average cost of $21.82 per share, with a total value of $39,276.00. Following the transaction, the insider now directly owns 290,135 shares of the company’s stock, valued at approximately $6,330,745.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder James H. Dahl purchased 2,736 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $22.35 per share, for a total transaction of $61,149.60. Following the purchase, the insider now owns 338,065 shares in the company, valued at $7,555,752.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder James H. Dahl purchased 1,800 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average price of $21.82 per share, for a total transaction of $39,276.00. Following the purchase, the insider now owns 290,135 shares in the company, valued at approximately $6,330,745.70. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 70,372 shares of company stock worth $1,460,727. 37.00% of the stock is currently owned by company insiders.

AMREP 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.