AMREP Co. (NYSE:AXR) Director Robert Robotti Sells 13,000 Shares

AMREP Co. (NYSE:AXR) Director Robert Robotti sold 13,000 shares of AMREP stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.56, for a total transaction of $410,280.00. Following the transaction, the director now owns 296,594 shares in the company, valued at approximately $9,360,506.64. This trade represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Robert Robotti also recently made the following trade(s):

• On Wednesday, December 18th, Robert Robotti sold 201 shares of AMREP stock. The stock was sold at an average price of $31.75, for a total value of $6,381.75.

AMREP Stock Performance

AMREP stock opened at $31.41 on Thursday. The stock has a market capitalization of $166.06 million, a P/E ratio of 17.85 and a beta of 0.92. The company’s fifty day moving average price is $33.03 and its 200 day moving average price is $26.61. AMREP Co. has a 1 year low of $15.88 and a 1 year high of $39.67.

AMREP (NYSE:AXR) last issued its quarterly earnings data on Friday, December 13th. The business services provider reported $0.75 earnings per share for the quarter. AMREP had a return on equity of 8.05% and a net margin of 15.64%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded AMREP from a “buy” rating to a “hold” rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On AMREP

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of AMREP in the 3rd quarter valued at $29,000. State Street Corp acquired a new stake in shares of AMREP in the 3rd quarter worth approximately $216,000. Geode Capital Management LLC increased its position in shares of AMREP by 5.4% in the third quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock valued at $915,000 after buying an additional 1,589 shares in the last quarter. Empowered Funds LLC raised its position in shares of AMREP by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider’s stock worth $1,271,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in AMREP by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock worth $2,336,000 after purchasing an additional 2,514 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.

About AMREP

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.