AMREP Co. (NYSE:AXR – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.82 and traded as high as $22.00. AMREP shares last traded at $21.93, with a volume of 11,276 shares changing hands.
AMREP Price Performance
The company’s 50 day moving average price is $21.94 and its 200 day moving average price is $19.82. The firm has a market capitalization of $115.57 million, a P/E ratio of 40.61 and a beta of 0.99.
AMREP (NYSE:AXR – Get Free Report) last released its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. AMREP had a net margin of 6.43% and a return on equity of 2.54%. The business had revenue of $12.69 million for the quarter.
Insider Activity
Institutional Trading of AMREP
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in AMREP by 11.1% in the 3rd quarter. Royal Bank of Canada now owns 9,000 shares of the business services provider’s stock worth $102,000 after purchasing an additional 900 shares in the last quarter. Vanguard Group Inc. raised its position in shares of AMREP by 17.4% in the 3rd quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider’s stock valued at $1,967,000 after buying an additional 25,857 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of AMREP by 3.5% in the 1st quarter. Renaissance Technologies LLC now owns 119,800 shares of the business services provider’s stock valued at $1,676,000 after buying an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of AMREP by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider’s stock valued at $2,912,000 after buying an additional 1,394 shares in the last quarter. Finally, Northern Trust Corp acquired a new position in shares of AMREP in the 2nd quarter valued at approximately $198,000. Institutional investors own 59.85% of the company’s stock.
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.
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