AMREP Co. (NYSE:AXR) Director Sells $410,280.00 in Stock

AMREP Co. (NYSE:AXR) Director Robert Robotti sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.56, for a total transaction of $410,280.00. Following the completion of the transaction, the director now owns 296,594 shares in the company, valued at approximately $9,360,506.64. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert Robotti also recently made the following trade(s):

• On Wednesday, December 18th, Robert Robotti sold 201 shares of AMREP stock. The stock was sold at an average price of $31.75, for a total transaction of $6,381.75.

AMREP Trading Down 6.7 %

AXR traded down $2.13 during trading on Monday, reaching $29.78. 53,362 shares of the company were exchanged, compared to its average volume of 16,193. The stock has a market cap of $157.45 million, a P/E ratio of 16.92 and a beta of 0.92. AMREP Co. has a 52 week low of $15.88 and a 52 week high of $39.67. The firm has a 50 day moving average of $32.98 and a 200 day moving average of $26.54.

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

Hedge Funds Weigh In On AMREP

Several hedge funds and other institutional investors have recently made changes to their positions in AXR. Cerity Partners LLC lifted its holdings in AMREP by 137.2% in the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock worth $7,995,000 after purchasing an additional 155,755 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of AMREP during the 3rd quarter worth about $29,000. Renaissance Technologies LLC lifted its stake in shares of AMREP by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock worth $2,336,000 after acquiring an additional 2,514 shares during the period. Empowered Funds LLC boosted its holdings in shares of AMREP by 5.3% in the third quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider’s stock valued at $1,271,000 after acquiring an additional 2,144 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AMREP by 5.4% in the third quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 1,589 shares in the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered AMREP from a “buy” rating to a “hold” rating in a report on Thursday, December 12th.

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.