Truffle Hound Capital LLC Invests $2.04 Million in AMREP Co. (NYSE:AXR)

Truffle Hound Capital LLC purchased a new position in shares of AMREP Co. (NYSE:AXR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 65,000 shares of the business services provider’s stock, valued at approximately $2,041,000. Truffle Hound Capital LLC owned approximately 1.23% of AMREP at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AXR. Empowered Funds LLC boosted its stake in shares of AMREP by 5.3% during the 3rd 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 in the last quarter. Cerity Partners LLC boosted its stake in shares of AMREP by 137.2% during the 3rd quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock worth $7,995,000 after acquiring an additional 155,755 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of AMREP during the 3rd quarter worth approximately $29,000. State Street Corp purchased a new stake in shares of AMREP during the 3rd quarter worth approximately $216,000. Finally, Geode Capital Management LLC lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

AMREP Stock Performance

AXR stock opened at $21.13 on Friday. AMREP Co. has a 1 year low of $15.88 and a 1 year high of $39.68. The stock’s 50 day moving average price is $27.28 and its 200 day moving average price is $29.51. The firm has a market cap of $111.71 million, a P/E ratio of 9.19 and a beta of 0.99.

AMREP (NYSE:AXR) last posted its earnings results on Friday, March 7th. The business services provider reported $0.13 earnings per share (EPS) for the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%. The firm had revenue of $7.52 million for the quarter.

Analyst Ratings Changes

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

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.