Adrienne Uleau Sells 4,000 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) CFO Adrienne Uleau sold 4,000 shares of AMREP stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $23.49, for a total transaction of $93,960.00. Following the completion of the transaction, the chief financial officer owned 6,574 shares of the company’s stock, valued at $154,423.26. This trade represents a 37.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AMREP Price Performance

Shares of AXR traded up $0.10 on Thursday, hitting $23.40. The company’s stock had a trading volume of 9,288 shares, compared to its average volume of 9,194. The company has a market capitalization of $124.60 million, a PE ratio of 12.32 and a beta of 1.12. AMREP Corporation has a fifty-two week low of $17.61 and a fifty-two week high of $29.01. The company has a 50 day moving average price of $25.55 and a 200 day moving average price of $25.27.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NBC Securities Inc. increased its stake in shares of AMREP by 65.0% in the 4th 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 during the period. Acadian Asset Management LLC acquired a new position in shares of AMREP during the first quarter valued at $46,000. Barclays PLC lifted its stake in shares of AMREP by 781.7% during the fourth quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 2,478 shares during the period. Marquette Asset Management LLC bought a new position in AMREP in the second quarter valued at about $164,000. Finally, Jane Street Group LLC boosted its holdings in AMREP by 42.1% in the first 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 and hedge funds 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.