AMREP (NYSE:AXR) Posts Quarterly Earnings Results

Key Points

• AMREP (NYSE:AXR) reported a quarterly earnings per share (EPS) of $0.87, with a return on equity of 10.11% and a net margin of 25.59%.
• The company's stock price fell $0.69 to $20.82 after trading 20,563 shares, with a market cap of $110.47 million.
• Institutional investors own 59.85% of AMREP's stock, with notable buying activity from Empowered Funds LLC and Jane Street Group LLC during the first quarter.

AMREP (NYSE:AXR - Get Free Report) released its earnings results on Tuesday. The business services provider reported $0.87 EPS for the quarter, Zacks reports. AMREP had a return on equity of 10.11% and a net margin of 25.59%.

AMREP Price Performance

AXR traded down $0.69 during trading hours on Tuesday, hitting $20.82. 20,563 shares of the stock were exchanged, compared to its average volume of 15,065. The stock has a 50-day simple moving average of $22.32 and a 200-day simple moving average of $21.88. AMREP has a 12 month low of $17.60 and a 12 month high of $39.67. The stock has a market cap of $110.47 million, a price-to-earnings ratio of 8.78 and a beta of 1.15.

Hedge Funds Weigh In On AMREP

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC grew its holdings in AMREP by 7.4% during the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider's stock worth $968,000 after acquiring an additional 3,344 shares during the period. Jane Street Group LLC grew its holdings in AMREP by 42.1% during the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after acquiring an additional 3,077 shares during the period. Acadian Asset Management LLC acquired a new position in AMREP during the first quarter worth about $46,000. Finally, Geode Capital Management LLC grew its holdings in AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider's stock worth $703,000 after acquiring an additional 574 shares during the period. Institutional investors own 59.85% of the company's stock.

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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