Key Points
- Major shareholder James Dahl bought 2,060 shares on March 31 at an average price of $27.92 (about $57,515), increasing his holdings to 476,458 shares (a 0.43% rise) valued at roughly $13.3M.
- The company reported quarterly results with $0.58 EPS (beating estimates by $0.01) and $14.57M revenue; the stock trades around $27.82 with a 52-week range of $17.60–$29.00, market cap ≈ $148M and a P/E of 11.59.
- Institutional investors own about 59.85% of AMREP and the consensus analyst rating is "Hold" (Weiss Ratings reiterated a Hold).
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl bought 2,060 shares of the business's stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average cost of $27.92 per share, for a total transaction of $57,515.20. Following the purchase, the insider owned 476,458 shares of the company's stock, valued at approximately $13,302,707.36. The trade was a 0.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
AMREP Stock Performance
Shares of AXR stock opened at $27.82 on Friday. AMREP Corporation has a 52-week low of $17.60 and a 52-week high of $29.00. The firm has a market capitalization of $147.73 million, a P/E ratio of 11.59 and a beta of 1.23. The stock has a 50 day moving average price of $24.77 and a 200 day moving average price of $22.93.
AMREP (NYSE:AXR - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. AMREP had a return on equity of 9.58% and a net margin of 24.40%.The company had revenue of $14.57 million for the quarter, compared to the consensus estimate of $14.03 million.
Hedge Funds Weigh In On AMREP
Several institutional investors have recently made changes to their positions in the company. Robotti Robert lifted its stake in AMREP by 0.8% in the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider's stock worth $9,809,000 after acquiring an additional 4,327 shares during the period. Dimensional Fund Advisors LP increased its position in AMREP by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider's stock valued at $3,670,000 after purchasing an additional 527 shares during the period. Cerity Partners LLC raised its holdings in shares of AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider's stock valued at $3,178,000 after purchasing an additional 665 shares in the last quarter. Truffle Hound Capital LLC raised its holdings in shares of AMREP by 31.0% in the 3rd quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider's stock valued at $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Finally, Gate City Capital Management LLC lifted its position in shares of AMREP by 271.0% in the 2nd quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider's stock worth $2,168,000 after purchasing an additional 75,661 shares during the period. Hedge funds and other institutional investors own 59.85% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "hold (c)" rating on shares of AMREP in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on AXR
About AMREP
(
Get Free Report)
AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.
Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
