Robotti Robert Has $15.74 Million Stake in AMREP Co. (NYSE:AXR)

Robotti Robert lessened its holdings in AMREP Co. (NYSE:AXR) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,417 shares of the business services provider’s stock after selling 41,691 shares during the period. AMREP comprises 2.8% of Robotti Robert’s investment portfolio, making the stock its 9th biggest holding. Robotti Robert owned 9.48% of AMREP worth $15,744,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AXR. Cerity Partners LLC raised its stake in shares of AMREP by 137.2% in the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock worth $7,995,000 after purchasing an additional 155,755 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in AMREP during the third quarter worth $29,000. State Street Corp purchased a new stake in AMREP in the 3rd quarter valued at $216,000. Geode Capital Management LLC lifted its stake in AMREP by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 1,589 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AMREP by 26,700.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider’s stock worth $56,000 after acquiring an additional 1,869 shares during the last quarter. Institutional investors own 59.85% of the company’s stock.

Analyst Ratings Changes

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

AMREP Stock Up 0.1 %

AMREP stock opened at $20.05 on Thursday. The stock has a market cap of $105.98 million, a P/E ratio of 8.72 and a beta of 0.99. The company’s 50 day moving average price is $26.69 and its two-hundred day moving average price is $29.52. AMREP Co. has a 52 week low of $15.88 and a 52 week high of $39.68.

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

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.