Gate City Capital Management LLC trimmed its holdings in shares of AMREP Co. (NYSE:AXR - Free Report) by 81.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,689 shares of the business services provider's stock after selling 103,672 shares during the quarter. AMREP makes up approximately 0.4% of Gate City Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Gate City Capital Management LLC owned about 0.45% of AMREP worth $744,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Truffle Hound Capital LLC purchased a new stake in AMREP in the fourth quarter valued at about $2,041,000. Peapod Lane Capital LLC purchased a new position in shares of AMREP in the 4th quarter valued at approximately $1,411,000. AlphaCentric Advisors LLC acquired a new stake in AMREP in the 4th quarter worth approximately $719,000. Crossingbridge Advisors LLC purchased a new stake in AMREP during the 4th quarter worth approximately $719,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of AMREP in the fourth quarter worth $507,000. Institutional investors own 59.85% of the company's stock.
AMREP Price Performance
AMREP stock traded up $0.54 during trading hours on Wednesday, hitting $21.99. 4,018 shares of the stock traded hands, compared to its average volume of 20,114. AMREP Co. has a 1 year low of $15.88 and a 1 year high of $39.68. The stock has a market capitalization of $116.26 million, a price-to-earnings ratio of 9.56 and a beta of 1.11. The firm's 50 day moving average price is $21.24 and its 200-day moving average price is $27.85.
AMREP (NYSE:AXR - Get Free Report) last announced its quarterly earnings data on Friday, March 7th. The business services provider reported $0.13 EPS for the quarter. AMREP had a net margin of 19.52% and a return on equity of 10.31%. The business had revenue of $7.52 million during the quarter.
AMREP Profile
(
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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