Hillsdale Investment Management Inc. Purchases New Stake in AMREP Co. (NYSE:AXR)

Hillsdale Investment Management Inc. acquired a new position in AMREP Co. (NYSE:AXR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,300 shares of the business services provider’s stock, valued at approximately $261,000. Hillsdale Investment Management Inc. owned 0.16% of AMREP as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXR. BNP Paribas Financial Markets bought a new stake in shares of AMREP in the 3rd quarter worth approximately $29,000. Geode Capital Management LLC raised its stake in shares of AMREP by 5.4% in the third quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock valued at $915,000 after buying an additional 1,589 shares during the period. JPMorgan Chase & Co. raised its stake in shares of AMREP by 26,700.0% in the third quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider’s stock valued at $56,000 after buying an additional 1,869 shares during the period. Empowered Funds LLC lifted its position in shares of AMREP by 5.0% during the 4th quarter. Empowered Funds LLC now owns 44,937 shares of the business services provider’s stock valued at $1,411,000 after buying an additional 2,141 shares during the last quarter. Finally, State Street Corp bought a new position in shares of AMREP during the 3rd quarter worth $216,000. 59.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AMREP Trading Down 3.4 %

AXR opened at $20.50 on Tuesday. AMREP Co. has a 12 month low of $15.88 and a 12 month high of $39.68. The company has a market cap of $108.37 million, a PE ratio of 8.91 and a beta of 0.99. The company has a 50 day moving average of $27.10 and a 200 day moving average of $29.60.

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

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.