Shares of AMREP Corporation (NYSE:AXR - Get Free Report) passed 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.
AMREP Trading Down 0.0%
The company has a market cap of $114.90 million, a price-to-earnings ratio of 9.01 and a beta of 1.08. The company has a fifty day moving average price of $21.73 and a two-hundred day moving average price of $24.71.
Hedge Funds Weigh In On AMREP
Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in AMREP in the 1st quarter valued at $46,000. Barclays PLC bought a new position in shares of AMREP during the fourth quarter valued at $76,000. Lazard Asset Management LLC acquired a new stake in shares of AMREP in the 4th quarter valued at $137,000. Jane Street Group LLC grew its holdings in shares of 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 purchasing an additional 3,077 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of AMREP by 293.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,390 shares of the business services provider's stock worth $232,000 after purchasing an additional 5,514 shares during the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.
AMREP Company Profile
(
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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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