AMREP Co. (NYSE:AXR) Short Interest Up 5.2% in January

AMREP Co. (NYSE:AXR) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 22,300 shares, a growth of 5.2% from the December 31st total of 21,200 shares. Based on an average daily trading volume, of 25,500 shares, the short-interest ratio is presently 0.9 days. Approximately 1.0% of the company’s shares are short sold.

Insider Buying and Selling

In other news, Director Robert Robotti sold 13,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.56, for a total value of $410,280.00. Following the sale, the director now directly owns 296,594 shares of the company’s stock, valued at $9,360,506.64. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMREP

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in shares of AMREP during the 3rd quarter worth about $29,000. Geode Capital Management LLC grew its stake in AMREP by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock worth $915,000 after acquiring an additional 1,589 shares during the period. JPMorgan Chase & Co. raised its holdings in AMREP by 26,700.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 1,869 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of AMREP by 5.0% during the 4th quarter. Empowered Funds LLC now owns 44,937 shares of the business services provider’s stock worth $1,411,000 after purchasing an additional 2,141 shares during the period. Finally, State Street Corp acquired a new stake in shares of AMREP during the third quarter worth $216,000. 59.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of AMREP from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th.

AMREP Stock Performance

Shares of AMREP stock opened at $30.14 on Tuesday. AMREP has a one year low of $15.88 and a one year high of $39.67. The business has a 50-day simple moving average of $32.50 and a 200-day simple moving average of $28.86. The company has a market cap of $159.44 million, a PE ratio of 13.10 and a beta of 0.95.

AMREP (NYSE:AXR) last announced its earnings results on Friday, December 13th. The business services provider reported $0.75 EPS for the quarter. AMREP had a net margin of 19.52% and a return on equity of 10.31%.

AMREP Company 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.