973 Shares in AMREP Co. (NYSE:AXR) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in shares of AMREP Co. (NYSE:AXR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 973 shares of the business services provider’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently modified their holdings of AXR. Cerity Partners LLC lifted its stake in AMREP by 137.2% in the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock valued at $7,995,000 after buying an additional 155,755 shares during the last quarter. Empowered Funds LLC boosted its stake 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 acquiring an additional 2,144 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of AMREP by 2.1% in the second quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock valued at $2,336,000 after buying an additional 2,514 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder James H. Dahl acquired 3,000 shares of AMREP stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of $30.75 per share, with a total value of $92,250.00. Following the purchase, the insider now directly owns 430,774 shares of the company’s stock, valued at approximately $13,246,300.50. This trade represents a 0.70 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have acquired 6,800 shares of company stock worth $205,560. 37.60% of the stock is owned by company insiders.

AMREP Stock Up 2.0 %

AXR opened at $31.91 on Friday. The firm has a market cap of $168.71 million, a P/E ratio of 18.13 and a beta of 0.92. The business’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $26.40. AMREP Co. has a 52 week low of $15.88 and a 52 week high of $39.67.

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

Analysts Set New Price Targets

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

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.