AMREP (NYSE:AXR) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• AMREP's share price recently crossed above its 200‑day moving average (200‑day MA $23.28); the stock traded as high as $27.97 and last traded at $27.21.
• Analysts give AMREP an average Hold rating; the company modestly beat quarterly EPS and revenue, trades at a PE of 11.34, and has a market cap of about $144 million.
• Insiders have been buying shares — 34,026 acquired in the last 90 days — and now own 37.20% of the company, while hedge funds and institutions own roughly 59.85%.

AMREP Corporation (NYSE:AXR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.28 and traded as high as $27.97. AMREP shares last traded at $27.21, with a volume of 14,721 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of AMREP to a "hold" rating in a research report on Saturday, April 18th. Freedom Capital cut shares of AMREP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, AMREP currently has an average rating of "Hold".

AMREP Stock Down 1.4%

The firm has a market capitalization of $144.35 million, a PE ratio of 11.34 and a beta of 1.23. The company's 50-day simple moving average is $26.84 and its 200 day simple moving average is $23.28.

AMREP (NYSE:AXR - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $14.57 million during the quarter, compared to analyst estimates of $14.03 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

Insider Buying and Selling

In other news, major shareholder James H. Dahl purchased 6,124 shares of the stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $21.60 per share, with a total value of $132,278.40. Following the transaction, the insider owned 440,698 shares in the company, valued at $9,519,076.80. The trade was a 1.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy S. Mcnaney purchased 1,765 shares of the stock in a transaction on Tuesday, April 21st. The shares were purchased at an average cost of $28.17 per share, with a total value of $49,720.05. Following the transaction, the director owned 1,765 shares in the company, valued at $49,720.05. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 34,026 shares of company stock worth $850,053 in the last 90 days. 37.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AMREP

Institutional investors have recently bought and sold shares of the business. AlphaCentric Advisors LLC purchased a new position in shares of AMREP during the 4th quarter valued at about $1,222,000. Mink Brook Asset Management LLC purchased a new position in AMREP during the third quarter valued at approximately $1,196,000. Truffle Hound Capital LLC increased its holdings in shares of AMREP by 31.0% during the 3rd quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider's stock valued at $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of AMREP during the 3rd quarter valued at approximately $453,000. Finally, Crossingbridge Advisors LLC increased its holdings in shares of AMREP by 30.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider's stock valued at $1,222,000 after purchasing an additional 15,000 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.

AMREP Company Profile

AMREP Corporation NYSE: AXR is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.

Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.

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