Does Amrep Corporation (NYSE:AXR) Have Gas After Even More Sellers Involved?

October 2, 2018 - By Richard Conner

AMREP Corporation (NYSE:AXR) Logo

Investors sentiment increased to 1 in 2018 Q2. Its up 0.29, from 0.71 in 2018Q1. It is positive, as 1 investors sold AMREP Corporation shares while 3 reduced holdings. 2 funds opened positions while 2 raised stakes. 1.59 million shares or 0.78% less from 1.61 million shares in 2018Q1 were reported.
State Bank Of America Corp De invested in 1 shares or 0% of the stock. Bridgeway Cap Management reported 76,600 shares. 85 were reported by Tower Limited Liability Co (Trc). Dimensional Fund Advsrs L P accumulated 192,077 shares. Vanguard Gru invested 0% in AMREP Corporation (NYSE:AXR). Perritt Cap Management holds 0.13% or 65,000 shares in its portfolio. Bard Associates Inc reported 0.04% of its portfolio in AMREP Corporation (NYSE:AXR). Oppenheimer & Close Llc holds 49,032 shares. Robotti Robert has invested 1.28% in AMREP Corporation (NYSE:AXR). Weber Alan W invested in 141,360 shares or 0% of the stock. California-based California Public Employees Retirement System has invested 0% in AMREP Corporation (NYSE:AXR). Wells Fargo & Mn owns 1 shares. Blackrock has 0% invested in AMREP Corporation (NYSE:AXR). Royal Retail Bank Of Canada stated it has 0% in AMREP Corporation (NYSE:AXR). Renaissance Techs Lc reported 0% stake.

The stock of Amrep Corporation (NYSE:AXR) registered an increase of 5.11% in short interest. AXR’s total short interest was 18,500 shares in October as published by FINRA. Its up 5.11% from 17,600 shares, reported previously. With 500 shares average volume, it will take short sellers 37 days to cover their AXR’s short positions. The short interest to Amrep Corporation’s float is 0.37%.

The stock increased 1.77% or $0.13 during the last trading session, reaching $7.47. About 658 shares traded. AMREP Corporation (NYSE:AXR) has risen 33.44% since October 2, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company has market cap of $60.72 million. The companyÂ’s Fulfillment Services segment provides fulfillment and contact center services, including subscriber list and database management, payment and order processing and accounting, subscriber mailing services, customer service and contact center management, data processing and business intelligence solutions, and print and digital marketing solutions, as well as product fulfillment warehousing, processing, and distribution services. It currently has negative earnings. This segment offers its services for consumer publications, trade publications, membership organizations, non-profit organizations, government agencies, and other direct marketers.

More important recent AMREP Corporation (NYSE:AXR) news were published by: Globenewswire.com which released: “Distinguished Publisher, New York Media, Returns to PCD” on September 19, 2018, also Globenewswire.com published article titled: “AMREP Reports First Quarter Fiscal 2019 Results”, Globenewswire.com published: “Palm Coast Data Awarded National Wildlife Federation Contract for Full-Service Subscription Fulfillment” on September 10, 2018. More interesting news about AMREP Corporation (NYSE:AXR) was released by: Nasdaq.com and their article: “Renowned, Trusted Publisher, The Kiplinger Washington Editors, Inc., Chooses Palm Coast Data” with publication date: September 24, 2018.

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