Peapod Lane Capital LLC Invests $1.41 Million in AMREP Co. (NYSE:AXR)

Peapod Lane Capital LLC bought a new stake in AMREP Co. (NYSE:AXR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 44,925 shares of the business services provider’s stock, valued at approximately $1,411,000. Peapod Lane Capital LLC owned about 0.85% of AMREP as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in AMREP by 5.3% in the third quarter. Empowered Funds LLC now owns 42,796 shares of the business services provider’s stock valued at $1,271,000 after buying an additional 2,144 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of AMREP by 137.2% in the 3rd quarter. Cerity Partners LLC now owns 269,287 shares of the business services provider’s stock valued at $7,995,000 after acquiring an additional 155,755 shares during the period. BNP Paribas Financial Markets purchased a new stake in AMREP in the 3rd quarter valued at $29,000. State Street Corp acquired a new stake in AMREP during the 3rd quarter worth $216,000. Finally, Geode Capital Management LLC grew its position in AMREP by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 30,825 shares of the business services provider’s stock worth $915,000 after purchasing an additional 1,589 shares during the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AMREP

In other news, Director Robert Robotti sold 13,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.56, for a total transaction of $410,280.00. Following the completion of the transaction, the director now directly owns 296,594 shares of the company’s stock, valued at approximately $9,360,506.64. This represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 37.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

AMREP Stock Up 0.9 %

AXR opened at $30.21 on Thursday. AMREP Co. has a 52 week low of $15.88 and a 52 week high of $39.67. The business has a 50 day moving average price of $31.79 and a two-hundred day moving average price of $29.28. The company has a market cap of $159.78 million, a PE ratio of 13.13 and a beta of 0.95.

AMREP (NYSE:AXR) last issued its quarterly earnings results on Friday, December 13th. The business services provider reported $0.75 earnings per share for the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%.

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.