Truffle Hound Capital LLC Purchases Shares of 65,000 AMREP Co. (NYSE:AXR)

Truffle Hound Capital LLC purchased a new stake in AMREP Co. (NYSE:AXR) in the 4th quarter, Holdings Channel.com reports. The fund purchased 65,000 shares of the business services provider’s stock, valued at approximately $2,041,000.

Several other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC raised its holdings in AMREP by 137.2% in the 3rd quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock valued at $7,995,000 after acquiring an additional 155,755 shares during the last quarter. Empowered Funds LLC raised its holdings in AMREP by 5.0% in the 4th quarter. Empowered Funds LLC now owns 44,937 shares of the business services provider’s stock valued at $1,411,000 after acquiring an additional 2,141 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in AMREP in the 4th quarter valued at $1,411,000. Geode Capital Management LLC increased its holdings in shares of AMREP by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock worth $915,000 after buying an additional 1,589 shares during the last quarter. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of AMREP during the 4th quarter worth $719,000. 59.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

AMREP Stock Down 0.6 %

AXR stock opened at $21.13 on Friday. The company has a market cap of $111.71 million, a price-to-earnings ratio of 9.19 and a beta of 0.99. The business has a fifty day simple moving average of $27.28 and a 200-day simple moving average of $29.51. AMREP Co. has a 52 week low of $15.88 and a 52 week high of $39.68.

AMREP (NYSE:AXR) last released its quarterly earnings data on Friday, March 7th. The business services provider reported $0.13 EPS for the quarter. The business had revenue of $7.52 million during the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%.

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.