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 Stock Performance
The firm has a market cap of $110.64 million, a P/E ratio of 8.68 and a beta of 1.09. The firm has a fifty day moving average of $21.83 and a 200-day moving average of $24.94.
Institutional Trading of AMREP
Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of AMREP by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 31,160 shares of the business services provider's stock worth $979,000 after purchasing an additional 335 shares during the last quarter. Renaissance Technologies LLC raised its stake in AMREP by 0.3% during the 4th quarter. Renaissance Technologies LLC now owns 139,500 shares of the business services provider's stock valued at $4,380,000 after acquiring an additional 400 shares in the last quarter. Cresset Asset Management LLC raised its stake in AMREP by 0.4% during the 1st quarter. Cresset Asset Management LLC now owns 129,718 shares of the business services provider's stock valued at $2,601,000 after acquiring an additional 488 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in AMREP by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 155,035 shares of the business services provider's stock valued at $4,868,000 after acquiring an additional 2,141 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in AMREP during the 1st quarter valued at $46,000. Institutional investors own 59.85% of the company's stock.
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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