The stock of Altisource Asset Management Corp (NYSEMKT:AAMC) is a huge mover today! About 62,614 shares traded hands or 411.80% up from the average. Altisource Asset Management Corp (NYSEMKT:AAMC) has risen 41.27% since March 4, 2016 and is uptrending. It has outperformed by 33.23% the S&P500.
The move comes after 8 months positive chart setup for the $44.59 million company. It was reported on Oct, 7 by Barchart.com. We have $73.62 PT which if reached, will make NYSEMKT:AAMC worth $85.17 million more.
Analysts await Altisource Asset Management Corp (NYSEMKT:AAMC) to report earnings on November, 14.
According to Zacks Investment Research, “Altisource Asset Management Corp. is an asset management company. The company provide portfolio management and corporate governance services to Real-Estate Investment Trusts and other real-estate portfolio-driven entities. Altisource Asset Management Corp is based in the U.S. Virgin Islands.”
Insitutional Activity: The institutional sentiment decreased to 0.27 in Q2 2016. Its down 1.33, from 1.6 in 2016Q1. The ratio turned negative, as 14 funds sold all Altisource Asset Management Corp shares owned while 12 reduced positions. 4 funds bought stakes while 3 increased positions. They now own 643,337 shares or 27.60% less from 888,552 shares in 2016Q1.
Royal National Bank & Trust Of Canada holds 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC) for 1 shares. The Ontario – Canada-based Manufacturers Life Insurance Co The has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC). Kazazian Asset Lc accumulated 0.22% or 9,207 shares. Creative Planning has 40 shares for 0% of their US portfolio. New York State Common Retirement Fund has 300 shares for 0% of their US portfolio. Wells Fargo And Company Mn holds 1 shares or 0% of its portfolio. Invesco Ltd holds 12,748 shares or 0% of its portfolio. Vanguard holds 29,491 shares or 0% of its portfolio. Morgan Stanley holds 40,591 shares or 0% of its portfolio. Deutsche Comml Bank Ag, a Germany-based fund reported 9,833 shares. Commercial Bank Of America Corporation De has 251 shares for 0% of their US portfolio. Moreover, Amici Capital Ltd Liability Com has 0% invested in Altisource Asset Management Corp (NYSEMKT:AAMC) for 899 shares. Bnp Paribas Arbitrage accumulated 0% or 2 shares. Luxor Cap Lp last reported 0.08% of its portfolio in the stock. The Pennsylvania-based Pnc Fin Svcs Group has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC).
More recent Altisource Asset Management Corp (NYSEMKT:AAMC) news were published by: Marketwatch.com which released: “Altisource Asset Management Corp.” on January 23, 2013. Also Seekingalpha.com published the news titled: “Altisource Asset Management (AAMC) Is A Great Short” on October 09, 2013. Quotes.Wsj.com‘s news article titled: “News Altisource Asset Management Corp.AAMC” with publication date: February 28, 2011 was also an interesting one.
AAMC Company Profile
Altisource Asset Management Corporation (Altisource), incorporated on March 15, 2012, provides asset management and corporate governance services to institutional investors. The Company’s primary client is Altisource Residential Corporation (Residential). The Firm operates through segment, which is focused on providing asset management and certain corporate governance services to Residential. The Company’s business strategy is to provide asset management services to Residential to generate cash available for distribution to its shareholders and thereby growing its earnings, and develop additional investment strategies and vehicles.
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