AMREP (NYSE:AXR) Stock Crosses Above 200-Day Moving Average of $18.24

Shares of AMREP Co. (NYSE:AXRGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.24 and traded as high as $21.71. AMREP shares last traded at $21.71, with a volume of 2,361 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of AMREP from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

View Our Latest Analysis on AMREP

AMREP Price Performance

The stock’s fifty day moving average is $20.76 and its 200-day moving average is $18.24. The stock has a market capitalization of $114.41 million, a P/E ratio of 5.96 and a beta of 0.98.

AMREP (NYSE:AXRGet Free Report) last announced its quarterly earnings data on Monday, December 11th. The business services provider reported $0.21 EPS for the quarter. The business had revenue of $8.85 million during the quarter. AMREP had a net margin of 47.23% and a return on equity of 17.42%.

Insiders Place Their Bets

In related news, major shareholder James H. Dahl purchased 1,400 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average cost of $21.88 per share, with a total value of $30,632.00. Following the completion of the purchase, the insider now directly owns 257,578 shares of the company’s stock, valued at $5,635,806.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AMREP news, major shareholder James H. Dahl acquired 1,400 shares of AMREP stock in a transaction on Wednesday, December 20th. The shares were purchased at an average cost of $21.88 per share, with a total value of $30,632.00. Following the completion of the purchase, the insider now owns 257,578 shares in the company, valued at $5,635,806.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder James H. Dahl acquired 1,500 shares of AMREP stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of $18.31 per share, for a total transaction of $27,465.00. Following the completion of the purchase, the insider now owns 246,851 shares of the company’s stock, valued at approximately $4,519,841.81. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 79,465 shares of company stock valued at $1,622,074. 37.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMREP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXR. Cerity Partners LLC acquired a new position in AMREP during the fourth quarter worth $2,529,000. Acuitas Investments LLC increased its holdings in AMREP by 210.9% during the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after buying an additional 65,184 shares during the last quarter. EA Series Trust acquired a new position in AMREP during the second quarter worth $527,000. Vanguard Group Inc. increased its holdings in AMREP by 17.4% during the third quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider’s stock worth $1,967,000 after buying an additional 25,857 shares during the last quarter. Finally, Northern Trust Corp acquired a new position in AMREP during the second quarter worth $198,000. 33.84% of the stock is owned by institutional investors and hedge funds.

AMREP Company Profile

(Get 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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