AMREP (NYSE:AXR) Issues Earnings Results

Key Points

• AMREP reported a quarterly earnings per share (EPS) of $0.73 with a net margin of 22.34% and a return on equity of 10.56%.
• The stock price opened at $23.73, with a market cap of $125.53 million and a price-to-earnings ratio of 9.85.
• Hedge funds and institutional investors own 59.85% of AMREP's stock, with significant increases in positions from Empowered Funds LLC and Jane Street Group LLC during the 1st quarter.

AMREP (NYSE:AXR - Get Free Report) posted its earnings results on Friday. The business services provider reported $0.73 earnings per share for the quarter, Zacks reports. AMREP had a return on equity of 10.11% and a net margin of 25.59%. The firm had revenue of $11.18 million for the quarter.

AMREP Price Performance

NYSE:AXR traded up $0.19 during trading hours on Wednesday, reaching $22.43. 3,006 shares of the company were exchanged, compared to its average volume of 15,919. The business has a 50 day moving average of $21.88 and a 200 day moving average of $23.61. The company has a market capitalization of $119.10 million, a P/E ratio of 9.46 and a beta of 1.08. AMREP has a 1-year low of $17.60 and a 1-year high of $39.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXR. Empowered Funds LLC raised its position in AMREP by 7.4% during the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider's stock valued at $968,000 after purchasing an additional 3,344 shares in the last quarter. Jane Street Group LLC boosted its holdings in AMREP by 42.1% in the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after buying an additional 3,077 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in AMREP in the 1st quarter worth $46,000. 59.85% of the stock is owned by institutional investors.

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.