AMREP (NYSE:AXR) CFO Adrienne Uleau Sells 4,000 Shares of 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 stock was sold at an average price of $23.49, for a total transaction of $93,960.00. Following the completion of the sale, the chief financial officer directly owned 6,574 shares in the company, valued at $154,423.26. This represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

AMREP Trading Up 0.4%

AXR stock opened at $23.40 on Friday. The stock has a 50-day moving average price of $25.49 and a two-hundred day moving average price of $25.29. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.01. The company has a market cap of $124.49 million, a PE ratio of 12.32 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On AMREP

Several large investors have recently modified their holdings of AXR. NBC Securities Inc. raised its stake in AMREP by 65.0% during the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after buying an additional 650 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of AMREP in the 1st quarter worth approximately $46,000. Barclays PLC grew its position in shares of AMREP by 781.7% in the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock worth $53,000 after acquiring an additional 2,478 shares in the last quarter. Marquette Asset Management LLC bought a new stake in shares of AMREP in the 2nd quarter valued at approximately $164,000. Finally, Jane Street Group LLC increased its holdings 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 acquiring an additional 3,077 shares during the last quarter. Institutional investors own 59.85% of the company’s stock.

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.