Key Points
- Major shareholder James Dahl bought 3,000 shares at $27.85 each on May 1st for a total of $83,550, increasing his stake by 0.62% to 486,977 shares valued at about $13.56 million, as disclosed in an SEC filing.
- AXR is trading near recent highs (opened $27.70; 50‑day/200‑day SMAs $26.87/$23.31) with a market cap of $146.94 million and a P/E of 11.54, and a 52‑week range of $17.61–$29.00.
- AMREP slightly beat Q1 estimates (EPS $0.58 vs. $0.57, revenue $14.57M vs. $14.03M); analyst coverage is mixed (average rating "Hold") and about 59.85% of the stock is institutionally owned.
AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $27.85 per share, for a total transaction of $83,550.00. Following the completion of the purchase, the insider owned 486,977 shares in the company, valued at $13,562,309.45. This trade represents a 0.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
AMREP Stock Performance
AXR stock opened at $27.70 on Friday. The stock's 50 day simple moving average is $26.87 and its 200 day simple moving average is $23.31. AMREP Corporation has a fifty-two week low of $17.61 and a fifty-two week high of $29.00. The company has a market cap of $146.94 million, a P/E ratio of 11.54 and a beta of 1.23.
AMREP (NYSE:AXR - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The business services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. AMREP had a return on equity of 9.58% and a net margin of 24.40%.The business had revenue of $14.57 million for the quarter, compared to the consensus estimate of $14.03 million.
Analyst Ratings Changes
A number of research firms recently weighed in on AXR. Freedom Capital downgraded AMREP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Wall Street Zen raised AMREP from a "hold" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AMREP has an average rating of "Hold".
Read Our Latest Research Report on AMREP
Institutional Trading of AMREP
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXR. Empowered Funds LLC increased its holdings in AMREP by 7.4% during the 1st quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider's stock worth $968,000 after purchasing an additional 3,344 shares in the last quarter. Jane Street Group LLC increased its holdings in AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after purchasing an additional 3,077 shares in the last quarter. Acadian Asset Management LLC bought a new stake in AMREP during the 1st quarter worth approximately $46,000. Geode Capital Management LLC grew its holdings in shares of AMREP by 1.7% in the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider's stock valued at $703,000 after acquiring an additional 574 shares in the last quarter. Finally, Truffle Hound Capital LLC grew its holdings in shares of AMREP by 31.0% in the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider's stock valued at $3,588,000 after acquiring an additional 35,476 shares in the last quarter. 59.85% of the stock is owned by institutional investors.
AMREP Company Profile
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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.
Further Reading
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