Insider Selling: AMREP (NYSE:AXR) CFO Sells $93,960.00 in Stock

AMREP Corporation (NYSE:AXR) CFO Adrienne Uleau sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $23.49, for a total value of $93,960.00. Following the completion of the sale, the chief financial officer owned 6,574 shares in the company, valued at approximately $154,423.26. This represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AMREP Price Performance

Shares of AMREP stock opened at $23.08 on Friday. AMREP Corporation has a 1-year low of $17.61 and a 1-year high of $29.01. The business’s fifty day moving average price is $25.44 and its two-hundred day moving average price is $25.27. The company has a market capitalization of $122.90 million, a P/E ratio of 12.15 and a beta of 1.12.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On AMREP

A number of hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of AMREP by 7.4% during the first 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 during the last quarter. Jane Street Group LLC boosted its position in shares of AMREP by 42.1% in the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 3,077 shares during the period. Acadian Asset Management LLC purchased a new position in AMREP in the 1st quarter worth about $46,000. Geode Capital Management LLC increased its stake in AMREP by 1.7% in the 2nd 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 during the 3rd quarter worth about $453,000. 59.85% of the stock is currently owned by institutional investors and hedge funds.

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.