Hillsdale Investment Management Inc. Takes Position in AMREP Co. (NYSE:AXR)

Hillsdale Investment Management Inc. acquired a new position in AMREP Co. (NYSE:AXR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,300 shares of the business services provider’s stock, valued at approximately $261,000.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in AMREP in the 3rd quarter worth approximately $29,000. Geode Capital Management LLC raised its position in AMREP by 5.4% during the third quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 1,589 shares in the last quarter. Cerity Partners LLC lifted its stake in AMREP by 137.2% during the third quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock worth $7,995,000 after purchasing an additional 155,755 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 worth $56,000 after purchasing an additional 1,869 shares in the last quarter. Finally, Empowered Funds LLC increased 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 purchasing an additional 2,141 shares during the last quarter. 59.85% of the stock is currently owned by institutional investors.

AMREP Stock Performance

Shares of AMREP stock opened at $20.50 on Tuesday. The stock has a market capitalization of $108.37 million, a price-to-earnings ratio of 8.91 and a beta of 0.99. The company has a fifty day moving average of $27.10 and a 200-day moving average of $29.60. AMREP Co. has a 52-week low of $15.88 and a 52-week high of $39.68.

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

Wall Street Analysts Forecast Growth

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

About AMREP

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.