November 17, 2016 - By Clifton Ray · 0 Comments
Amrep Corp (NYSE:AXR) institutional sentiment decreased to 0.71 in Q2 2016. Its down -1.29, from 2 in 2016Q1. The ratio worsened, as 5 funds increased and started new positions, while 7 sold and reduced stock positions in Amrep Corp. The funds in our partner’s database now have: 1.66 million shares, down from 1.72 million shares in 2016Q1. Also, the number of funds holding Amrep Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 4 New Position: 1.
Amrep Corporation is a holding company. The company has a market cap of $67.27 million. The Company, through its subsidiaries, operates through two divisions: real estate activities and fulfillment services. It currently has negative earnings. The Firm conducts its real estate business through AMREP Southwest Inc. and its subsidiaries, with its activities occurring primarily in the City of Rio Rancho and certain adjoining areas of Sandoval County, New Mexico.
The stock closed at $7.61 during the last session. It is down 72.17% since April 15, 2016 and is uptrending. It has outperformed by 67.55% the S&P500.
According to Zacks Investment Research, “AMREP CORP.is a real estate developer and builder of housing, national distributor of magazines and a provider of subscription fulfillment services for publishers. It is the developer and major builder of single-family homes at Rio Rancho, New Mexico and more recently has entered the Denver, Colorado home-building market.”
Robotti Robert holds 1.27% of its portfolio in AMREP Corporation for 718,604 shares. Weber Alan W owns 162,000 shares or 0.56% of their US portfolio. Moreover, Osmium Partners Llc has 0.24% invested in the company for 36,773 shares. The New York-based Oppenheimer & Close Llc has invested 0.23% in the stock. Perritt Capital Management Inc, a Illinois-based fund reported 95,000 shares.#img1#
Amrep Corporation, incorporated on August 7, 1987, is a holding company. The Company, through its subsidiaries, operates through two divisions: the real estate business operated by AMREP Southwest Inc. (AMREP Southwest) and its subsidiaries, and the Fulfillment Services business operated by Palm Coast Data LLC (Palm Coast) and its affiliates.
More notable recent AMREP Corporation (NYSE:AXR) news were published by: Prnewswire.com which released: “AMREP Announces Appointment of Chief Financial Officer” on August 18, 2016, also Prnewswire.com with their article: “AMREP Reports Fiscal 2016 Results” published on July 29, 2016, Prnewswire.com published: “AMREP Corporation Announces Officer and Director Changes” on January 23, 2013. More interesting news about AMREP Corporation (NYSE:AXR) were released by: Prnewswire.com and their article: “AMREP Announces Retirement Of CFO Pete Pizza; Clifford Martin Named As Successor” published on April 28, 2016 as well as Prnewswire.com‘s news article titled: “AMREP Sells Its Newsstand Distribution Services Business And Its Product …” with publication date: February 09, 2015.
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By Clifton Ray