AMREP Co. (NYSE:AXR) Short Interest Up 5.2% in January

AMREP Co. (NYSE:AXR) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 22,300 shares, a growth of 5.2% from the December 31st total of 21,200 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

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

AMREP Trading Up 2.7 %

AXR stock opened at $30.91 on Wednesday. The firm’s 50-day moving average is $32.31 and its two-hundred day moving average is $28.98. The company has a market capitalization of $163.54 million, a price-to-earnings ratio of 13.44 and a beta of 0.95. AMREP has a 52 week low of $15.88 and a 52 week high of $39.67.

AMREP (NYSE:AXR) last announced its earnings results on Friday, December 13th. The business services provider reported $0.75 EPS for the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%.

Insider Buying and Selling at AMREP

In related news, Director Robert Robotti sold 13,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.56, for a total value of $410,280.00. Following the completion of the transaction, the director now directly owns 296,594 shares of the company’s stock, valued at $9,360,506.64. This represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 37.60% of the stock is currently owned by company insiders.

Institutional Trading of AMREP

Several institutional investors have recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in shares of AMREP by 137.2% during the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock valued at $7,995,000 after purchasing an additional 155,755 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in AMREP during the fourth quarter valued at about $1,411,000. AlphaCentric Advisors LLC acquired a new position in shares of AMREP in the fourth quarter worth about $719,000. Ritholtz Wealth Management acquired a new position in shares of AMREP in the fourth quarter worth about $384,000. Finally, State Street Corp purchased a new position in shares of AMREP in the third quarter worth approximately $216,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

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.