Renaissance Technologies LLC Raises Stock Position in AMREP Co. (NYSE:AXR)

Renaissance Technologies LLC boosted its position in shares of AMREP Co. (NYSE:AXR) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,514 shares of the business services provider’s stock after acquiring an additional 2,514 shares during the period. Renaissance Technologies LLC’s holdings in AMREP were worth $2,336,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Empowered Funds LLC increased its position in shares of AMREP by 8.0% during the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 59.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded AMREP from a “hold” rating to a “buy” rating in a report on Monday, September 16th.

Insider Transactions at AMREP

In other news, major shareholder James H. Dahl bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $25.60 per share, with a total value of $256,000.00. Following the transaction, the insider now directly owns 415,642 shares in the company, valued at $10,640,435.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other AMREP news, major shareholder James H. Dahl acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $23.48 per share, for a total transaction of $117,400.00. Following the purchase, the insider now owns 420,642 shares in the company, valued at approximately $9,876,674.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder James H. Dahl acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $25.60 per share, for a total transaction of $256,000.00. Following the completion of the acquisition, the insider now directly owns 415,642 shares in the company, valued at $10,640,435.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 24,214 shares of company stock worth $621,879. Company insiders own 37.00% of the company’s stock.

AMREP Stock Performance

AMREP stock opened at $29.29 on Wednesday. The stock has a market cap of $154.39 million, a PE ratio of 54.24 and a beta of 0.87. The stock has a 50-day moving average of $23.97 and a two-hundred day moving average of $21.88. AMREP Co. has a one year low of $15.38 and a one year high of $31.26.

AMREP (NYSE:AXR) last released its earnings results on Friday, September 13th. The business services provider reported $0.76 EPS for the quarter. The company had revenue of $19.09 million during the quarter. AMREP had a net margin of 15.64% and a return on equity of 8.05%.

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.