O Shaughnessy Asset Management LLC Raises Stock Position in AMREP Co. (NYSE:AXR)

O Shaughnessy Asset Management LLC grew its holdings in AMREP Co. (NYSE:AXR) by 77.9% in the 4th quarter, HoldingsChannel reports. The firm owned 23,660 shares of the business services provider’s stock after purchasing an additional 10,358 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in AMREP were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new stake in AMREP during the 3rd quarter worth approximately $29,000. JPMorgan Chase & Co. increased its position in shares of AMREP by 26,700.0% during the third quarter. JPMorgan Chase & Co. now owns 1,876 shares of the business services provider’s stock worth $56,000 after acquiring an additional 1,869 shares during the period. State Street Corp acquired a new stake in shares of AMREP in the third quarter valued at $216,000. Hillsdale Investment Management Inc. purchased a new position in AMREP in the fourth quarter valued at $261,000. Finally, Ritholtz Wealth Management acquired a new position in AMREP during the 4th quarter worth $384,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

AMREP Stock Down 0.9 %

Shares of NYSE:AXR opened at $18.42 on Wednesday. AMREP Co. has a fifty-two week low of $15.88 and a fifty-two week high of $39.68. The firm’s 50 day moving average price is $24.29 and its 200 day moving average price is $29.14. The stock has a market cap of $97.36 million, a price-to-earnings ratio of 8.01 and a beta of 1.01.

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

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.