Adrienne Uleau Sells 1,833 Shares of AMREP Co. (NYSE:AXR) Stock

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $21.12, for a total value of $38,712.96. Following the completion of the sale, the vice president now owns 7,867 shares of the company’s stock, valued at $166,151.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Adrienne Uleau also recently made the following trade(s):

• On Thursday, April 25th, Adrienne Uleau sold 1,833 shares of AMREP stock. The shares were sold at an average price of $20.26, for a total value of $37,136.58.

AMREP Trading Up 1.8 %

Shares of AMREP stock opened at $20.77 on Friday. AMREP Co. has a 52 week low of $13.46 and a 52 week high of $24.36. The company’s 50-day moving average price is $22.03 and its two-hundred day moving average price is $20.17. The stock has a market cap of $109.46 million, a PE ratio of 38.46 and a beta of 0.99.

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

Institutional Investors Weigh In On AMREP

Several large investors have recently modified their holdings of AXR. Gate City Capital Management LLC acquired a new stake in shares of AMREP during the fourth quarter worth $9,505,000. Cerity Partners LLC purchased a new position in AMREP in the 4th quarter worth about $2,529,000. Acuitas Investments LLC raised its holdings in AMREP by 210.9% during the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after buying an additional 65,184 shares during the period. Victory Capital Management Inc. purchased a new stake in AMREP during the fourth quarter valued at about $119,000. Finally, AJOVista LLC acquired a new position in shares of AMREP in the fourth quarter worth about $29,000. 59.85% of the stock is owned by institutional investors.

About AMREP

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.