Northern Trust Corp Raises Stock Holdings in AMREP Co. (NYSE:AXR)

Northern Trust Corp increased its position in AMREP Co. (NYSE:AXR) by 29.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,343 shares of the business services provider’s stock after purchasing an additional 4,392 shares during the period. Northern Trust Corp’s holdings in AMREP were worth $607,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in AMREP by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 191,958 shares of the business services provider’s stock valued at $6,027,000 after purchasing an additional 10,758 shares during the period. Renaissance Technologies LLC increased its position in AMREP by 0.3% during the 4th quarter. Renaissance Technologies LLC now owns 139,500 shares of the business services provider’s stock valued at $4,380,000 after purchasing an additional 400 shares during the period. Truffle Hound Capital LLC bought a new stake in shares of AMREP during the 4th quarter valued at $2,041,000. Empowered Funds LLC boosted its holdings 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 in the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in shares of AMREP during the 4th quarter valued at $1,411,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

AMREP Trading Up 0.7%

Shares of AXR stock opened at $20.47 on Friday. AMREP Co. has a 12 month low of $15.88 and a 12 month high of $39.68. The stock has a market cap of $108.22 million, a PE ratio of 8.90 and a beta of 1.11. The company’s fifty day moving average price is $21.41 and its 200-day moving average price is $27.02.

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

AMREP 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.