AMREP Corporation (NYSE:AXR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.71 and traded as low as $21.23. AMREP shares last traded at $21.91, with a volume of 10,543 shares traded.
AMREP Trading Down 0.0%
The firm has a 50-day moving average of $21.71 and a two-hundred day moving average of $24.52. The firm has a market capitalization of $114.90 million, a P/E ratio of 9.01 and a beta of 1.08.
Hedge Funds Weigh In On AMREP
Several institutional investors and hedge funds have recently added to or reduced their stakes in AXR. Arrowstreet Capital Limited Partnership acquired a new position in shares of AMREP during the fourth quarter worth $507,000. Truffle Hound Capital LLC bought a new stake in AMREP during the 4th quarter worth $2,041,000. Northern Trust Corp increased its holdings in AMREP by 29.4% in the 4th quarter. Northern Trust Corp now owns 19,343 shares of the business services provider's stock worth $607,000 after purchasing an additional 4,392 shares in the last quarter. Jane Street Group LLC acquired a new position in AMREP in the 4th quarter worth about $230,000. Finally, Millennium Management LLC raised its position in AMREP by 94.7% in the fourth quarter. Millennium Management LLC now owns 19,261 shares of the business services provider's stock valued at $605,000 after purchasing an additional 9,366 shares during the last quarter. Institutional investors own 59.85% of the company's stock.
About AMREP
(
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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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