AMREP (NYSE:AXR) Stock Crosses Above 200-Day Moving Average of $21.01

Shares of AMREP Co. (NYSE:AXRGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.01 and traded as high as $21.09. AMREP shares last traded at $21.00, with a volume of 11,820 shares trading hands.

AMREP Stock Up 2.0 %

The company has a 50-day simple moving average of $21.08 and a two-hundred day simple moving average of $21.01. The stock has a market cap of $110.67 million, a P/E ratio of 38.89 and a beta of 1.02.

AMREP (NYSE:AXRGet Free Report) last announced its quarterly earnings data 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 return on equity of 2.54% and a net margin of 6.43%.

Insider Activity at AMREP

In related news, VP Adrienne Uleau sold 1,833 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $20.26, for a total transaction of $37,136.58. Following the completion of the transaction, the vice president now owns 6,034 shares in the company, valued at $122,248.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder James H. Dahl purchased 3,200 shares of AMREP stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $20.97 per share, with a total value of $67,104.00. Following the completion of the purchase, the insider now directly owns 384,028 shares in the company, valued at $8,053,067.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Adrienne Uleau sold 1,833 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $20.26, for a total value of $37,136.58. Following the completion of the sale, the vice president now directly owns 6,034 shares in the company, valued at $122,248.84. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 43,463 shares of company stock worth $932,293 and sold 5,366 shares worth $111,193. 37.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMREP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in AMREP in the fourth quarter worth $29,000. Victory Capital Management Inc. purchased a new stake in AMREP in the fourth quarter worth $119,000. Empowered Funds LLC grew its stake in AMREP by 8.0% in the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after purchasing an additional 2,800 shares during the period. Acuitas Investments LLC grew its stake in shares of AMREP by 210.9% in the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 65,184 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of AMREP in the fourth quarter worth $2,529,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

About AMREP

(Get Free Report)

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.

Further Reading

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