Truffle Hound Capital LLC Makes New Investment in AMREP Co. (NYSE:AXR)

Truffle Hound Capital LLC purchased a new position in shares of 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 fund purchased 65,000 shares of the business services provider's stock, valued at approximately $2,041,000. Truffle Hound Capital LLC owned about 1.23% of AMREP as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in shares of AMREP by 137.2% during the 3rd quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider's stock worth $7,995,000 after acquiring an additional 155,755 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of AMREP by 5.0% in the fourth quarter. Empowered Funds LLC now owns 44,937 shares of the business services provider's stock valued at $1,411,000 after purchasing an additional 2,141 shares during the last quarter. Peapod Lane Capital LLC bought a new position in shares of AMREP in the fourth quarter valued at about $1,411,000. Geode Capital Management LLC lifted its stake in shares of AMREP by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider's stock worth $915,000 after buying an additional 1,589 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new stake in shares of AMREP during the 4th quarter worth about $719,000. Institutional investors own 59.85% of the company's stock.

Analysts Set New Price Targets

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

Remove Ads

AMREP Price Performance

NYSE AXR traded up $0.03 on Wednesday, reaching $20.05. The stock had a trading volume of 8,061 shares, compared to its average volume of 19,131. AMREP Co. has a 1-year low of $15.88 and a 1-year high of $39.68. The company has a market cap of $105.98 million, a P/E ratio of 8.72 and a beta of 0.99. The firm has a fifty day moving average of $26.91 and a two-hundred day moving average of $29.59.

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

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.