BNP Paribas Financial Markets Invests $29,000 in AMREP Co. (NYSE:AXR)

BNP Paribas Financial Markets acquired a new stake in shares of AMREP Co. (NYSE:AXR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 973 shares of the business services provider’s stock, valued at approximately $29,000.

Several other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in AMREP by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider’s stock valued at $1,271,000 after purchasing an additional 2,144 shares in the last quarter. Renaissance Technologies LLC raised its position in AMREP by 2.1% during the second quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock valued at $2,336,000 after acquiring an additional 2,514 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in AMREP by 137.2% in the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock valued at $7,995,000 after acquiring an additional 155,755 shares during the period. 59.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder James H. Dahl purchased 2,000 shares of AMREP stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $29.70 per share, with a total value of $59,400.00. Following the purchase, the insider now owns 432,774 shares of the company’s stock, valued at approximately $12,853,387.80. The trade was a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 6,800 shares of company stock worth $205,560. Company insiders own 37.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

AMREP Price Performance

Shares of AMREP stock opened at $31.91 on Friday. The stock’s 50 day simple moving average is $32.97 and its 200-day simple moving average is $26.40. The stock has a market cap of $168.71 million, a P/E ratio of 18.13 and a beta of 0.92. AMREP Co. has a 1-year low of $15.88 and a 1-year high of $39.67.

AMREP (NYSE:AXR) last issued its earnings results on Friday, December 13th. The business services provider reported $0.75 EPS for the quarter. AMREP had a net margin of 15.64% and a return on equity of 8.05%.

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.