AMREP Co. (NYSE:AXR) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of AMREP Co. (NYSE:AXR) by 137.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,287 shares of the business services provider’s stock after acquiring an additional 155,755 shares during the period. Cerity Partners LLC owned about 0.05% of AMREP worth $7,995,000 at the end of the most recent reporting period.

Separately, Empowered Funds LLC lifted its holdings in AMREP by 5.3% in the third quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider’s stock worth $1,271,000 after acquiring an additional 2,144 shares during the last quarter. Institutional investors own 59.85% of the company’s stock.

AMREP Price Performance

Shares of NYSE AXR opened at $35.05 on Thursday. The firm has a market capitalization of $185.39 million, a PE ratio of 19.91 and a beta of 0.89. AMREP Co. has a 1-year low of $15.88 and a 1-year high of $39.02. The business’s fifty day moving average price is $31.04 and its two-hundred day moving average price is $24.69.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at AMREP

In other news, major shareholder James H. Dahl bought 3,000 shares of AMREP stock in a transaction on Tuesday, September 24th. The stock was purchased at an average cost of $30.75 per share, with a total value of $92,250.00. Following the purchase, the insider now directly owns 430,774 shares of the company’s stock, valued at approximately $13,246,300.50. This trade represents a 0.70 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought 6,800 shares of company stock valued at $205,560 in the last ninety days. Company insiders own 37.60% of the company’s stock.

AMREP 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.