Cerity Partners LLC Purchases New Shares in AMREP Co. (NYSE:AXR)

Cerity Partners LLC purchased a new stake in AMREP Co. (NYSE:AXR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 115,132 shares of the business services provider's stock, valued at approximately $2,529,000. Cerity Partners LLC owned 2.18% of AMREP at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AXR. Dimensional Fund Advisors LP boosted its holdings in shares of AMREP by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider's stock valued at $2,912,000 after acquiring an additional 1,394 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of AMREP by 17.4% in the third quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider's stock valued at $1,967,000 after acquiring an additional 25,857 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of AMREP by 3.5% in the first quarter. Renaissance Technologies LLC now owns 119,800 shares of the business services provider's stock valued at $1,676,000 after acquiring an additional 4,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AMREP by 33.6% in the second quarter. Geode Capital Management LLC now owns 26,850 shares of the business services provider's stock valued at $482,000 after acquiring an additional 6,757 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of AMREP by 30.2% in the second quarter. Royal Bank of Canada now owns 11,718 shares of the business services provider's stock valued at $210,000 after acquiring an additional 2,718 shares in the last quarter. Institutional investors and hedge funds own 59.85% of the company's stock.

Insider Buying and Selling

In other AMREP news, major shareholder James H. Dahl bought 1,800 shares of AMREP stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average cost of $21.82 per share, for a total transaction of $39,276.00. Following the completion of the acquisition, the insider now owns 290,135 shares of the company's stock, valued at approximately $6,330,745.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AMREP news, major shareholder James H. Dahl bought 1,800 shares of AMREP stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average cost of $21.82 per share, for a total transaction of $39,276.00. Following the completion of the acquisition, the insider now owns 290,135 shares of the company's stock, valued at approximately $6,330,745.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder James H. Dahl acquired 2,736 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $22.35 per share, with a total value of $61,149.60. Following the purchase, the insider now directly owns 338,065 shares in the company, valued at approximately $7,555,752.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 70,372 shares of company stock worth $1,460,727. Corporate insiders own 37.00% of the company's stock.

AMREP Price Performance

Shares of AMREP stock traded down $1.30 on Friday, hitting $20.87. The company had a trading volume of 12,422 shares, compared to its average volume of 6,591. The business has a 50-day simple moving average of $22.06 and a 200-day simple moving average of $20.03. The company has a market cap of $110.01 million, a PE ratio of 38.65 and a beta of 0.99. AMREP Co. has a 52 week low of $13.46 and a 52 week high of $24.36.

AMREP (NYSE:AXR - Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $12.69 million during the quarter. AMREP had a net margin of 6.43% and a return on equity of 2.54%.

AMREP 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.