It Seems Amrep Corporation (NYSE:AXR) Will Go Up. Just Reported Less Shorted Shares

March 19, 2018 - By Linda Rogers

 It Seems Amrep Corporation (NYSE:AXR) Will Go Up. Just Reported Less Shorted Shares

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 2 investors sold AMREP Corporation shares while 4 reduced holdings. only 1 funds opened positions while 4 raised stakes. 1.67 million shares or 2.43% less from 1.72 million shares in 2017Q2 were reported.
Dimensional Fund Advisors L P owns 188,722 shares. Robotti Robert accumulated 1.32% or 707,019 shares. Driehaus Capital Mngmt Ltd Liability Com accumulated 15,583 shares. Arbiter Partners Capital Management Limited Liability Co reported 0.09% stake. Weber Alan W holds 0.47% in AMREP Corporation (NYSE:AXR) or 141,480 shares. Morgan Stanley reported 27 shares. Renaissance Limited Liability stated it has 99,380 shares or 0% of all its holdings. Perritt Cap has 65,000 shares for 0.12% of their portfolio. Royal Retail Bank Of Canada holds 0% of its portfolio in AMREP Corporation (NYSE:AXR) for 8,101 shares. Wells Fargo & Mn owns 1 shares. Hightower Advsr Lc holds 62,477 shares or 0% of its portfolio. Oppenheimer Close Llc stated it has 49,032 shares or 0.34% of all its holdings. Vanguard Gru owns 51,083 shares. Bridgeway Capital holds 0.01% of its portfolio in AMREP Corporation (NYSE:AXR) for 76,600 shares. Nationwide Fund Advsr invested in 216 shares.

The stock of Amrep Corporation (NYSE:AXR) registered a decrease of 1.42% in short interest. AXR’s total short interest was 20,800 shares in March as published by FINRA. Its down 1.42% from 21,100 shares, reported previously. With 6,400 shares average volume, it will take short sellers 3 days to cover their AXR’s short positions. The short interest to Amrep Corporation’s float is 0.85%.

The stock increased 0.14% or $0.01 during the last trading session, reaching $7.26. About 1,187 shares traded. AMREP Corporation (NYSE:AXR) has risen 41.57% since March 19, 2017 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 $58.80 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 61.01 P/E ratio. This segment offers its services for consumer publications, trade publications, membership organizations, non-profit organizations, government agencies, and other direct marketers.

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