Stock of The Day: Is Altisource Asset Management Corp’s Fuel Running Low? The Stock Reaches 52-Week High Today

Stock of The Day: Is Altisource Asset Management Corp's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Altisource Asset Management Corp (NYSEMKT:AAMC) hit a new 52-week high and has $125.11 target or 164.00% above today’s $47.39 share price. The 8 months bullish chart indicates low risk for the $116.22M company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $125.11 price target is reached, the company will be worth $190.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 213,110 shares traded hands or 826.69% up from the average. Altisource Asset Management Corp (NYSEMKT:AAMC) has risen 276.06% since March 10, 2016 and is uptrending. It has outperformed by 268.54% the S&P500.

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 2016 Q2. Its down 1.33, from 1.6 in 2016Q1. The ratio dived, 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.
The New York-based New York State Common Retirement Fund has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC). Blackrock Investment Management has 0% invested in the company for 150 shares. The Texas-based Dimensional Fund L P has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC). Royal Financial Bank Of Canada has invested 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC). Wells Fargo Mn has invested 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC). Moreover, Vanguard Grp Inc has 0% invested in Altisource Asset Management Corp (NYSEMKT:AAMC) for 29,491 shares. Manufacturers Life The last reported 164 shares in the company. The Kansas-based Creative Planning has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC). Deutsche Bank Ag holds 0% or 9,833 shares in its portfolio. Morgan Stanley accumulated 40,591 shares or 0% of the stock. Bnp Paribas Arbitrage Sa accumulated 2 shares or 0% of the stock. Blackrock Fund Advisors has invested 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC). The United Kingdom-based Barclays Public Ltd Liability Co has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC). Brown Brothers Harriman Com, a New York-based fund reported 238 shares. Invesco Limited holds 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC) for 12,748 shares.

More news for Altisource Asset Management Corp (NYSEMKT:AAMC) were recently published by: Marketwatch.com, which released: “Altisource Asset Management Corp.” on January 23, 2013. Globenewswire.com‘s article titled: “Altisource Asset Management Corporation Reports Second Quarter 2016 Results” and published on August 08, 2016 is yet another important article.

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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