Adrienne Uleau Sells 4,000 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) CFO Adrienne Uleau sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $23.49, for a total value of $93,960.00. Following the transaction, the chief financial officer owned 6,574 shares in the company, valued at $154,423.26. The trade was a 37.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AMREP Trading Down 1.7%

Shares of AXR stock opened at $23.08 on Friday. The company has a market cap of $122.78 million, a price-to-earnings ratio of 12.15 and a beta of 1.12. The stock has a 50 day simple moving average of $25.44 and a 200-day simple moving average of $25.27. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.01.

AMREP (NYSE:AXR) last posted its quarterly earnings results on Friday, July 24th. The business services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.20). AMREP had a net margin of 19.47% and a return on equity of 7.47%. The business had revenue of $11.02 million during the quarter, compared to analyst estimates of $12.36 million.

Analysts Set New Price Targets

A number of equities research analysts have commented on AXR shares. Weiss Ratings downgraded AMREP from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Freedom Capital cut shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On AMREP

A number of institutional investors and hedge funds have recently modified their holdings of AXR. Empowered Funds LLC increased its stake in AMREP by 7.4% in the 1st quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider’s stock valued at $968,000 after purchasing an additional 3,344 shares in the last quarter. Jane Street Group LLC raised its holdings in AMREP by 42.1% during the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock worth $208,000 after purchasing an additional 3,077 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in AMREP during the first quarter worth $46,000. Geode Capital Management LLC boosted its position in AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after purchasing an additional 574 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in AMREP in the third quarter valued at $453,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

About AMREP

AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.

Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.