Truffle Hound Capital LLC Cuts Stake in AMREP Corporation (NYSE:AXR)

Key Points

• Truffle Hound Capital LLC has reduced its stake in AMREP Corporation by 23.1%, selling 15,000 shares and retaining 50,000 shares worth approximately $1,002,000.
• Several other institutional investors, including Northern Trust Corp and Millennium Management LLC, made significant changes to their holdings in AMREP, which is currently 59.85% owned by institutional investors.
• AMREP reported a quarterly earnings of $0.73 EPS with a revenue of $11.18 million and a market capitalization of $116.29 million, having a PE ratio of 9.24.

Truffle Hound Capital LLC lessened its holdings in shares of AMREP Corporation (NYSE:AXR - Free Report) by 23.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the business services provider's stock after selling 15,000 shares during the quarter. Truffle Hound Capital LLC owned about 0.95% of AMREP worth $1,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of AMREP in the fourth quarter worth about $507,000. Cerity Partners LLC lifted its position in AMREP by 8.1% during the first quarter. Cerity Partners LLC now owns 171,124 shares of the business services provider's stock valued at $3,431,000 after purchasing an additional 12,767 shares during the last quarter. Northern Trust Corp lifted its position in AMREP by 29.4% during the fourth quarter. Northern Trust Corp now owns 19,343 shares of the business services provider's stock valued at $607,000 after purchasing an additional 4,392 shares during the last quarter. Jane Street Group LLC bought a new stake in AMREP during the fourth quarter valued at approximately $230,000. Finally, Millennium Management LLC lifted its position in AMREP by 94.7% during the fourth quarter. Millennium Management LLC now owns 19,261 shares of the business services provider's stock valued at $605,000 after purchasing an additional 9,366 shares during the last quarter. Institutional investors own 59.85% of the company's stock.

AMREP Trading Down 0.2%

Shares of AXR traded down $0.04 during mid-day trading on Wednesday, reaching $22.26. The company's stock had a trading volume of 3,279 shares, compared to its average volume of 15,984. The stock has a market cap of $118.09 million, a PE ratio of 9.39 and a beta of 1.11. AMREP Corporation has a 52 week low of $17.60 and a 52 week high of $39.67. The company's fifty day moving average price is $21.98 and its two-hundred day moving average price is $23.32.

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