Koss Olinger Consulting LLC Purchases New Shares in AMREP Corporation (NYSE:AXR)

Key Points

• Koss Olinger Consulting LLC has invested approximately $434,000 in AMREP Corporation, acquiring 21,633 shares, representing 0.41% of the company.
• Other institutional investors have also increased their stakes in AMREP, with notable purchases from Barclays PLC, Lazard Asset Management, and JPMorgan Chase & Co., contributing to 59.85% of the stock being owned by hedge funds and other institutions.
• AMREP reported $0.73 earnings per share (EPS) for the most recent quarter, along with a revenue of $11.18 million, demonstrating a strong performance in the business services sector.

Koss Olinger Consulting LLC bought a new stake in shares of AMREP Corporation (NYSE:AXR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,633 shares of the business services provider's stock, valued at approximately $434,000. Koss Olinger Consulting LLC owned about 0.41% of AMREP as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Barclays PLC bought a new position in AMREP in the 4th quarter valued at $76,000. Lazard Asset Management LLC bought a new position in AMREP in the 4th quarter valued at $137,000. Jane Street Group LLC bought a new position in AMREP in the 4th quarter valued at $230,000. JPMorgan Chase & Co. lifted 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 buying an additional 5,514 shares during the period. Finally, 683 Capital Management LLC purchased a new stake in shares of AMREP in the 4th quarter worth $312,000. Institutional investors own 59.85% of the company's stock.

AMREP Price Performance

Shares of AXR stock traded down $0.39 during mid-day trading on Thursday, hitting $22.26. The stock had a trading volume of 541 shares, compared to its average volume of 10,000. AMREP Corporation has a 12-month low of $17.60 and a 12-month high of $39.67. The firm has a market capitalization of $118.20 million, a P/E ratio of 9.39 and a beta of 1.11. The firm's 50-day moving average is $22.28 and its two-hundred day moving average is $22.96.

AMREP (NYSE:AXR - Get Free Report) last issued its earnings results on Friday, July 25th. The business services provider reported $0.73 earnings per share for the quarter. AMREP had a return on equity of 10.11% and a net margin of 25.59%. The business had revenue of $11.18 million during the quarter.

AMREP Company Profile

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.