AMREP Co. (NYSE:AXR) Sees Significant Growth in Short Interest

AMREP Co. (NYSE:AXR - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 41,000 shares, a growth of 20.2% from the April 30th total of 34,100 shares. Based on an average trading volume of 17,300 shares, the short-interest ratio is currently 2.4 days. Currently, 1.8% of the company's shares are short sold.

Institutional Investors Weigh In On AMREP

Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in AMREP during the fourth quarter worth about $507,000. JPMorgan Chase & Co. grew its holdings in shares of AMREP by 26,700.0% in the third quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider's stock valued at $56,000 after purchasing an additional 1,869 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in shares of AMREP in the fourth quarter valued at approximately $2,041,000. Empowered Funds LLC increased its stake in AMREP by 5.0% during the 4th quarter. Empowered Funds LLC now owns 44,937 shares of the business services provider's stock worth $1,411,000 after buying an additional 2,141 shares during the period. Finally, Northern Trust Corp increased its stake in AMREP by 29.4% during the 4th quarter. Northern Trust Corp now owns 19,343 shares of the business services provider's stock worth $607,000 after buying an additional 4,392 shares during the period. Hedge funds and other institutional investors own 59.85% of the company's stock.

AMREP Price Performance

Shares of AXR stock traded up $0.01 during trading hours on Wednesday, hitting $20.15. The company had a trading volume of 9,625 shares, compared to its average volume of 20,299. The stock has a market capitalization of $106.53 million, a PE ratio of 8.76 and a beta of 1.11. The company's fifty day moving average is $21.40 and its 200 day moving average is $26.79. AMREP has a fifty-two week low of $15.88 and a fifty-two week high of $39.68.

AMREP (NYSE:AXR - Get Free Report) last announced its earnings results on Friday, March 7th. The business services provider reported $0.13 earnings per share (EPS) for the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%. The company had revenue of $7.52 million for the quarter.

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.

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