AMREP (NYSE:AXR) Share Price Crosses Above 200-Day Moving Average of $21.03

AMREP Co. (NYSE:AXR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.03 and traded as high as $22.44. AMREP shares last traded at $21.75, with a volume of 119,995 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of AMREP from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th.

AMREP Stock Up 4.1 %

The stock has a market cap of $119.82 million, a price-to-earnings ratio of 41.95 and a beta of 0.91. The stock’s 50 day moving average price is $20.04 and its two-hundred day moving average price is $21.04.

Insider Transactions at AMREP

In other news, major shareholder James H. Dahl purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $20.95 per share, for a total transaction of $209,500.00. Following the completion of the transaction, the insider now owns 376,207 shares in the company, valued at $7,881,536.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder James H. Dahl purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the completion of the transaction, the insider now owns 366,207 shares in the company, valued at $7,704,995.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder James H. Dahl purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $20.95 per share, for a total transaction of $209,500.00. Following the transaction, the insider now owns 376,207 shares of the company’s stock, valued at approximately $7,881,536.65. The disclosure for this purchase can be found here. Insiders have acquired 33,035 shares of company stock worth $670,025 over the last 90 days. 37.00% of the stock is currently owned by company insiders.

Institutional Trading of AMREP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gate City Capital Management LLC purchased a new position in AMREP during the fourth quarter valued at $9,505,000. Cerity Partners LLC purchased a new position in AMREP during the fourth quarter valued at $2,529,000. Acuitas Investments LLC lifted its holdings in AMREP by 210.9% during the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after purchasing an additional 65,184 shares in the last quarter. Empowered Funds LLC lifted its holdings in AMREP by 8.0% during the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock valued at $878,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in AMREP during the fourth quarter valued at $119,000. 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.