Cerity Partners LLC Cuts Stake in AMREP Co. (NYSE:AXR)

Cerity Partners LLC cut its holdings in shares of AMREP Co. (NYSE:AXR) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,357 shares of the business services provider’s stock after selling 110,930 shares during the quarter. Cerity Partners LLC owned 2.99% of AMREP worth $4,702,000 at the end of the most recent quarter.

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

AMREP Stock Performance

Shares of AXR stock opened at $19.57 on Friday. The company has a market capitalization of $103.47 million, a P/E ratio of 8.51 and a beta of 1.01. AMREP Co. has a fifty-two week low of $15.88 and a fifty-two week high of $39.68. The stock has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $28.85.

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. AMREP had a net margin of 19.52% and a return on equity of 10.31%. The business had revenue of $7.52 million during the quarter.

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.