AMREP Corporation (NYSE:AXR - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.27 and traded as low as $21.30. AMREP shares last traded at $22.18, with a volume of 15,301 shares.
AMREP Trading Up 2.1%
The stock has a market capitalization of $117.31 million, a PE ratio of 9.20 and a beta of 1.09. The firm's 50-day simple moving average is $22.00 and its two-hundred day simple moving average is $25.27.
Hedge Funds Weigh In On AMREP
Several institutional investors and hedge funds have recently added to or reduced their stakes in AXR. Acadian Asset Management LLC purchased a new position in shares of AMREP during the 1st quarter valued at $46,000. Barclays PLC purchased a new position in shares of AMREP during the 4th quarter valued at $76,000. Lazard Asset Management LLC purchased a new position in shares of AMREP during the 4th quarter valued at $137,000. Jane Street Group LLC purchased a new position in shares of AMREP during the 4th quarter valued at $230,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of AMREP by 293.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,390 shares of the business services provider's stock valued at $232,000 after acquiring an additional 5,514 shares in the last quarter. 59.85% of the stock is currently owned by hedge funds and other institutional investors.
AMREP Company Profile
(
Get Free Report)
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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