Barclays PLC Makes New Investment in AMREP Co. (NYSE:AXR)

Barclays PLC acquired a new stake in shares of AMREP Co. (NYSE:AXR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,435 shares of the business services provider’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truffle Hound Capital LLC acquired a new position in AMREP in the 4th quarter valued at approximately $2,041,000. Peapod Lane Capital LLC bought a new stake in shares of AMREP during the 4th quarter worth about $1,411,000. AlphaCentric Advisors LLC bought a new stake in shares of AMREP during the 4th quarter worth about $719,000. Arrowstreet Capital Limited Partnership acquired a new position in AMREP during the fourth quarter valued at approximately $507,000. Finally, Ritholtz Wealth Management acquired a new position in AMREP during the 4th quarter worth $384,000. Institutional investors own 59.85% of the company’s stock.

AMREP Stock Up 3.8%

Shares of AXR stock opened at $22.26 on Thursday. The firm has a market cap of $117.69 million, a PE ratio of 9.68 and a beta of 1.11. AMREP Co. has a 12 month low of $15.88 and a 12 month high of $39.68. The stock has a 50 day moving average of $21.22 and a 200-day moving average of $27.81.

AMREP (NYSE:AXR) last announced its quarterly earnings data on Friday, March 7th. The business services provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $7.52 million during the quarter. AMREP had a net margin of 19.52% and a return on equity of 10.31%.

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.