AMREP (NYSE:AXR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

AMREP Corporation (NYSE:AXR)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.91 and traded as high as $26.28. AMREP shares last traded at $25.7450, with a volume of 12,223 shares changing hands.

Analyst Ratings Changes

AXR has been the subject of a number of research reports. Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Freedom Capital downgraded AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

AMREP Stock Up 1.0%

The firm has a market capitalization of $136.71 million, a P/E ratio of 10.73 and a beta of 1.12. The stock has a fifty day moving average of $25.61 and a 200-day moving average of $24.91.

Insider Activity at AMREP

In other news, Director Timothy S. Mcnaney bought 1,765 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was acquired at an average cost of $28.17 per share, with a total value of $49,720.05. Following the completion of the purchase, the director owned 1,765 shares of the company’s stock, valued at $49,720.05. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder James H. Dahl bought 3,075 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average price of $25.58 per share, for a total transaction of $78,658.50. Following the completion of the acquisition, the insider owned 501,708 shares of the company’s stock, valued at $12,833,690.64. The trade was a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 24,515 shares of company stock valued at $647,738. 37.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMREP

Institutional investors and hedge funds have recently modified their holdings of the company. AlphaCentric Advisors LLC acquired a new stake in shares of AMREP in the fourth quarter valued at approximately $1,222,000. Citadel Advisors LLC acquired a new position in shares of AMREP during the 3rd quarter worth approximately $453,000. Crossingbridge Advisors LLC raised its stake in AMREP by 30.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock valued at $1,222,000 after acquiring an additional 15,000 shares during the period. Marquette Asset Management LLC acquired a new stake in AMREP during the 2nd quarter valued at $164,000. Finally, Susquehanna International Group LLP lifted its holdings in AMREP by 36.2% during the 3rd quarter. Susquehanna International Group LLP now owns 21,989 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 5,840 shares during the last quarter. 59.85% of the stock is owned by institutional investors.

AMREP Company Profile

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.