Renaissance Technologies LLC Purchases 2,514 Shares of AMREP Co. (NYSE:AXR)

Renaissance Technologies LLC raised its holdings in shares of AMREP Co. (NYSE:AXR) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,514 shares of the business services provider’s stock after buying an additional 2,514 shares during the period. Renaissance Technologies LLC owned about 2.34% of AMREP worth $2,336,000 at the end of the most recent reporting period.

Separately, Empowered Funds LLC boosted its holdings in AMREP by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock valued at $878,000 after acquiring an additional 2,800 shares during the period. 59.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder James H. Dahl bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $23.48 per share, for a total transaction of $117,400.00. Following the acquisition, the insider now owns 420,642 shares of the company’s stock, valued at $9,876,674.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other AMREP news, major shareholder James H. Dahl acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $25.60 per share, for a total transaction of $256,000.00. Following the completion of the purchase, the insider now owns 415,642 shares in the company, valued at $10,640,435.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder James H. Dahl acquired 5,000 shares of AMREP stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $23.48 per share, with a total value of $117,400.00. Following the purchase, the insider now directly owns 420,642 shares of the company’s stock, valued at $9,876,674.16. The disclosure for this purchase can be found here. Insiders have bought a total of 24,214 shares of company stock valued at $621,879 over the last quarter. 37.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised AMREP from a “hold” rating to a “buy” rating in a research report on Monday, September 16th.

AMREP Trading Down 1.3 %

NYSE AXR opened at $29.29 on Wednesday. The stock has a market cap of $154.39 million, a PE ratio of 54.24 and a beta of 0.87. AMREP Co. has a 12 month low of $15.38 and a 12 month high of $31.26. The company’s 50-day moving average price is $23.97 and its 200-day moving average price is $21.88.

AMREP (NYSE:AXR) last issued its earnings results on Friday, September 13th. The business services provider reported $0.76 EPS for the quarter. AMREP had a net margin of 15.64% and a return on equity of 8.05%. The business had revenue of $19.09 million for 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.