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

December 7, 2017 - By Ellis Scott

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

Investors sentiment decreased to 0.83 in Q2 2017. Its down 0.05, from 0.88 in 2017Q1. It dived, as 1 investors sold AMREP Corporation shares while 5 reduced holdings. 2 funds opened positions while 3 raised stakes. 1.72 million shares or 3.64% less from 1.78 million shares in 2017Q1 were reported.
Bridgeway Capital Management has invested 0.01% of its portfolio in AMREP Corporation (NYSE:AXR). Arbiter Partners Mgmt Ltd Company has 0.09% invested in AMREP Corporation (NYSE:AXR). Vanguard Group reported 50,913 shares. Nationwide Fund Advisors reported 216 shares or 0% of all its holdings. New York-based Robotti Robert has invested 1.45% in AMREP Corporation (NYSE:AXR). Moreover, Oppenheimer And Close Ltd Liability has 0.34% invested in AMREP Corporation (NYSE:AXR) for 49,032 shares. Morgan Stanley reported 0% stake. Perritt Cap Mngmt holds 65,000 shares or 0.12% of its portfolio. Hightower Limited Liability Corporation has invested 0% in AMREP Corporation (NYSE:AXR). Deutsche Bank & Trust Ag invested in 0% or 12,071 shares. Driehaus Mgmt invested in 0% or 14,383 shares. 8,100 were accumulated by Royal Commercial Bank Of Canada. Moreover, Dimensional Fund Advsr Lp has 0% invested in AMREP Corporation (NYSE:AXR). Blackrock owns 11,063 shares for 0% of their portfolio. 141,480 were reported by Weber Alan W.

The stock of Amrep Corporation New (NYSE:AXR) registered an increase of 19.57% in short interest. AXR’s total short interest was 27,500 shares in December as published by FINRA. Its up 19.57% from 23,000 shares, reported previously. With 1,700 shares average volume, it will take short sellers 16 days to cover their AXR’s short positions. The short interest to Amrep Corporation New’s float is 0.84%.

The stock increased 1.00% or $0.07 during the last trading session, reaching $7.08. About 8,349 shares traded or 132.24% up from the average. AMREP Corporation (NYSE:AXR) has risen 41.57% since December 7, 2016 and is uptrending. It has outperformed by 24.87% the S&P500.

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company has market cap of $57.27 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 has a 72.24 P/E ratio. This segment offers its services for consumer publications, trade publications, membership organizations, non-profit organizations, government agencies, and other direct marketers.

More notable recent AMREP Corporation (NYSE:AXR) news were published by: Marketwatch.com which released: “Amrep Corp.” on October 16, 2010, also Prnewswire.com with their article: “AMREP Reports Fiscal 2017 Results” published on July 18, 2017, Globenewswire.com published: “AMREP Announces Appointments of Chief Executive Officer and Chief Financial …” on September 18, 2017. More interesting news about AMREP Corporation (NYSE:AXR) were released by: Seekingalpha.com and their article: “AMREP Corporation: Down, But Not Out” published on March 15, 2011 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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