22,899 Shares in AMREP Co. (NYSE:AXR) Purchased by Crossingbridge Advisors LLC

Crossingbridge Advisors LLC bought a new stake in shares of AMREP Co. (NYSE:AXR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,899 shares of the business services provider's stock, valued at approximately $719,000. Crossingbridge Advisors LLC owned approximately 0.43% of AMREP at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in shares of AMREP in the fourth quarter worth $507,000. Geode Capital Management LLC raised its position in AMREP by 5.4% in the third quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider's stock worth $915,000 after acquiring an additional 1,589 shares during the period. JPMorgan Chase & Co. raised its holdings in AMREP by 26,700.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider's stock worth $56,000 after purchasing an additional 1,869 shares during the period. Truffle Hound Capital LLC purchased a new stake in shares of AMREP during the fourth quarter worth about $2,041,000. Finally, Empowered Funds LLC raised its position in shares of AMREP by 5.0% during the fourth quarter. Empowered Funds LLC now owns 44,937 shares of the business services provider's stock valued at $1,411,000 after buying an additional 2,141 shares during the last quarter. Institutional investors own 59.85% of the company's stock.

AMREP Trading Down 2.3 %

Shares of NYSE:AXR traded down $0.54 during midday trading on Tuesday, reaching $22.99. 8,361 shares of the company were exchanged, compared to its average volume of 20,047. The stock has a market cap of $121.52 million, a PE ratio of 9.99 and a beta of 1.01. The business's fifty day moving average is $21.85 and its two-hundred day moving average is $28.35. AMREP Co. has a one year low of $15.88 and a one year high of $39.68.

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

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.