Peapod Lane Capital LLC Invests $1.41 Million in AMREP Co. (NYSE:AXR)

Peapod Lane Capital LLC bought a new stake in AMREP Co. (NYSE:AXR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,925 shares of the business services provider's stock, valued at approximately $1,411,000. Peapod Lane Capital LLC owned about 0.85% of AMREP as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AXR. Cerity Partners LLC boosted its position in AMREP by 137.2% during the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider's stock valued at $7,995,000 after buying an additional 155,755 shares during the period. Ritholtz Wealth Management bought a new stake in shares of AMREP in the 4th quarter valued at about $384,000. State Street Corp purchased a new stake in shares of AMREP during the third quarter valued at approximately $216,000. Empowered Funds LLC increased its stake in shares of AMREP by 5.3% in the third quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider's stock worth $1,271,000 after buying an additional 2,144 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in AMREP by 26,700.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider's stock valued at $56,000 after buying an additional 1,869 shares during the last quarter. 59.85% of the stock is currently owned by institutional investors.

Insider Activity at AMREP

In related news, Director Robert Robotti sold 13,000 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.56, for a total transaction of $410,280.00. Following the sale, the director now owns 296,594 shares of the company's stock, valued at $9,360,506.64. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 37.60% of the stock is owned by corporate insiders.

AMREP Stock Performance

Shares of NYSE AXR traded down $0.27 during trading hours on Monday, hitting $29.82. The company's stock had a trading volume of 8,003 shares, compared to its average volume of 17,621. The business has a 50-day simple moving average of $31.30 and a 200-day simple moving average of $29.38. The stock has a market cap of $157.75 million, a price-to-earnings ratio of 12.97 and a beta of 0.95. AMREP Co. has a 12 month low of $15.88 and a 12 month high of $39.67.

AMREP (NYSE:AXR - Get Free Report) last posted its earnings results on Friday, December 13th. The business services provider reported $0.75 earnings per share (EPS) for the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of AMREP from a "buy" rating to a "hold" rating in a report on Thursday, December 12th.

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.