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

Peapod Lane Capital LLC acquired a new stake in AMREP Co. (NYSE:AXR) in the 4th quarter, Holdings Channel.com reports. The firm acquired 44,925 shares of the business services provider’s stock, valued at approximately $1,411,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of AMREP in the third quarter valued at $29,000. JPMorgan Chase & Co. grew its stake in 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 position in AMREP during the 3rd quarter valued at about $216,000. Ritholtz Wealth Management acquired a new position in AMREP during the fourth quarter worth about $384,000. Finally, Geode Capital Management LLC lifted its holdings in shares of AMREP by 5.4% in 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. Hedge funds and other institutional investors own 59.85% of the company’s stock.

Insider Transactions at AMREP

In other news, Director Robert Robotti sold 13,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 296,594 shares in the company, valued at $9,360,506.64. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 37.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AMREP Stock Performance

AMREP stock opened at $30.21 on Thursday. AMREP Co. has a fifty-two week low of $15.88 and a fifty-two week high of $39.67. The company has a market capitalization of $159.78 million, a price-to-earnings ratio of 13.13 and a beta of 0.95. The stock has a fifty day moving average of $31.79 and a two-hundred day moving average of $29.28.

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

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.