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

AMREP Co. (NYSE:AXR) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 22,300 shares, an increase 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 stock are sold short.

Wall Street Analyst Weigh In

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

AMREP Trading Up 2.7 %

AXR stock opened at $30.91 on Wednesday. The firm has a market cap of $163.54 million, a PE ratio of 13.44 and a beta of 0.95. AMREP has a 1 year low of $15.88 and a 1 year high of $39.67. The company has a fifty day simple moving average of $32.31 and a 200 day simple moving average of $28.98.

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

Insider Transactions at AMREP

In other AMREP news, Director Robert Robotti sold 13,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 296,594 shares in the company, valued at $9,360,506.64. This represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMREP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of AMREP in the third quarter worth about $29,000. Geode Capital Management LLC grew its holdings 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 valued at $915,000 after buying an additional 1,589 shares during the last quarter. Cerity Partners LLC increased its position in AMREP by 137.2% in the 3rd quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock worth $7,995,000 after buying an additional 155,755 shares during the period. State Street Corp acquired a new position in shares of AMREP during the third quarter worth approximately $216,000. Finally, JPMorgan Chase & Co. boosted its position in shares of AMREP by 26,700.0% in the third 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 period. Institutional investors and hedge funds own 59.85% of the company’s stock.

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.