Robotti Robert reduced its stake in shares of AMREP Co. (NYSE:AXR - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,417 shares of the business services provider's stock after selling 41,691 shares during the period. AMREP comprises approximately 2.8% of Robotti Robert's holdings, making the stock its 9th biggest position. Robotti Robert owned 9.48% of AMREP worth $15,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in AMREP in the third quarter worth about $29,000. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 1,869 shares during the period. State Street Corp bought a new position in AMREP during the 3rd quarter worth $216,000. Hillsdale Investment Management Inc. acquired a new stake in AMREP in the fourth quarter worth $261,000. Finally, Ritholtz Wealth Management bought a new stake in AMREP in the fourth quarter valued at $384,000. Institutional investors own 59.85% of the company's stock.
AMREP Stock Performance
Shares of AXR traded up $0.08 during mid-day trading on Monday, reaching $19.83. 8,175 shares of the company's stock traded hands, compared to its average volume of 19,242. AMREP Co. has a 12 month low of $15.88 and a 12 month high of $39.68. The stock has a market capitalization of $104.84 million, a P/E ratio of 8.61 and a beta of 0.99. The business's 50-day moving average price is $26.19 and its 200-day moving average price is $29.55.
AMREP (NYSE:AXR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.31% and a net margin of 19.52%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of AMREP from a "buy" rating to a "hold" rating in a report on Thursday, December 12th.
View Our Latest Stock Analysis on AXR
AMREP Profile
(
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.
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