AMREP Co. (NYSE:AXR) Short Interest Update

AMREP Co. (NYSE:AXR) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 19,300 shares, a decline of 7.7% from the November 15th total of 20,900 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the company are sold short.

AMREP Trading Down 11.2 %

Shares of AMREP stock traded down $4.07 on Monday, reaching $32.35. The stock had a trading volume of 49,445 shares, compared to its average volume of 15,231. The business’s 50 day moving average is $32.73 and its two-hundred day moving average is $26.09. The company has a market cap of $171.03 million, a P/E ratio of 15.00 and a beta of 0.92. AMREP has a 1 year low of $15.88 and a 1 year high of $39.67.

AMREP (NYSE:AXR) last posted its earnings results on Friday, December 13th. The business services provider reported $0.75 EPS for the quarter. AMREP had a return on equity of 8.05% and a net margin of 15.64%.

Insider Transactions at AMREP

In other news, major shareholder James H. Dahl acquired 1,800 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of $29.95 per share, for a total transaction of $53,910.00. Following the completion of the purchase, the insider now owns 434,574 shares in the company, valued at approximately $13,015,491.30. This trade represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 6,800 shares of company stock worth $205,560 in the last ninety days. Company insiders own 37.60% of the company’s stock.

Institutional Investors Weigh In On AMREP

A number of institutional investors and hedge funds have recently bought and sold shares of AXR. Cerity Partners LLC raised its position 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 valued at $7,995,000 after buying an additional 155,755 shares in the last quarter. State Street Corp purchased a new stake in AMREP during the third quarter valued at about $216,000. Renaissance Technologies LLC lifted its stake in AMREP by 2.1% during the second quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock worth $2,336,000 after purchasing an additional 2,514 shares during the last quarter. Empowered Funds LLC lifted its stake in AMREP by 5.3% during the third quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider’s stock worth $1,271,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AMREP by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock worth $915,000 after purchasing an additional 1,589 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of AMREP from a “buy” rating to a “hold” rating in a research note on Thursday.

AMREP Company Profile

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.