AMREP Co. (NYSE:AXR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.23 and traded as high as $30.93. AMREP shares last traded at $29.94, with a volume of 10,391 shares.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of AMREP from a "buy" rating to a "hold" rating in a report on Thursday, December 12th.
View Our Latest Analysis on AXR
AMREP Price Performance
The firm has a market cap of $157.75 million, a PE ratio of 12.97 and a beta of 0.95. The stock's fifty day moving average price is $31.30 and its 200-day moving average price is $29.36.
AMREP (NYSE:AXR - Get Free Report) last released its earnings results on Friday, December 13th. The business services provider reported $0.75 earnings per share (EPS) for the quarter. AMREP had a net margin of 19.52% and a return on equity of 10.31%.
Insider Transactions at AMREP
In related news, Director Robert Robotti sold 13,000 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.56, for a total value of $410,280.00. Following the completion of the sale, the director now owns 296,594 shares of the company's stock, valued at approximately $9,360,506.64. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 37.60% of the company's stock.
Institutional Investors Weigh In On AMREP
A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of AMREP in the fourth quarter valued at about $230,000. Northern Trust Corp grew its holdings in shares of AMREP by 29.4% in the fourth quarter. Northern Trust Corp now owns 19,343 shares of the business services provider's stock valued at $607,000 after purchasing an additional 4,392 shares during the period. Crossingbridge Advisors LLC purchased a new stake in shares of AMREP in the fourth quarter valued at about $719,000. Dimensional Fund Advisors LP lifted its position in AMREP by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 191,958 shares of the business services provider's stock valued at $6,027,000 after buying an additional 10,758 shares during the last quarter. Finally, Barclays PLC acquired a new position in AMREP in the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 59.85% of the company's stock.
About AMREP
(
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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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