AMREP (NYSE:AXR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.
AMREP Stock Up 0.1%
AXR traded up $0.02 during midday trading on Friday, hitting $26.88. 2,892 shares of the company were exchanged, compared to its average volume of 15,095. The firm has a market capitalization of $142.71 million, a P/E ratio of 10.84 and a beta of 1.15. AMREP has a 1-year low of $17.60 and a 1-year high of $39.67. The firm's 50 day moving average price is $22.68 and its 200-day moving average price is $21.91.
AMREP (NYSE:AXR - Get Free Report) last announced its earnings results on Tuesday, September 9th. The business services provider reported $0.87 EPS for the quarter. The firm had revenue of $17.85 million for the quarter. AMREP had a return on equity of 10.35% and a net margin of 27.54%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of AMREP in the 1st quarter valued at about $46,000. Lazard Asset Management LLC acquired a new position in AMREP during the 4th quarter worth approximately $137,000. Jane Street Group LLC raised its stake in AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider's stock worth $208,000 after buying an additional 3,077 shares during the period. Ritholtz Wealth Management raised its stake in AMREP by 42.1% during the 2nd quarter. Ritholtz Wealth Management now owns 17,375 shares of the business services provider's stock worth $364,000 after buying an additional 5,144 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in AMREP during the 1st quarter worth approximately $434,000. 59.85% of the stock is owned by institutional investors and hedge funds.
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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