Erbey William C Acquired Stake in Altisource Asset Management Corp

December 8, 2017 - By Kurt Siggers

 Erbey William C Acquired Stake in Altisource Asset Management Corp

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.50, from 1.25 in 2017Q1. It turned negative, as 3 investors sold Altisource Asset Management Corporation shares while 5 reduced holdings. 2 funds opened positions while 4 raised stakes. 521,009 shares or 3.04% more from 505,646 shares in 2017Q1 were reported.

Envestnet Asset Mngmt invested in 19 shares. Wells Fargo & Mn owns 1 shares or 0% of their US portfolio. Invesco Ltd stated it has 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Goldman Sachs Grp holds 0% or 16,321 shares in its portfolio. Gratia Cap Limited holds 0.6% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) for 22,510 shares. Brown Brothers Harriman invested 0% in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Tower Research Capital Lc (Trc) owns 383 shares for 0% of their portfolio. Kazazian Asset Limited Liability Company invested 0.8% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Dimensional Fund L P holds 0% or 43,067 shares in its portfolio. Neuberger Berman Gp Ltd Liability Corporation holds 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) for 2,500 shares. Blackrock invested 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC). Deutsche Bank Ag owns 0% invested in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) for 29,349 shares. Northern Tru Corporation, a Illinois-based fund reported 8,320 shares. Bnp Paribas Arbitrage holds 0% or 2 shares in its portfolio. Morgan Stanley holds 0% of its portfolio in Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) for 85,303 shares.

The New Erbey William C Holding in Altisource Asset Management Corp

Erbey William C reported SC 13D/A form with the SEC for Altisource Asset Management Corp. Access it here: 000089183617000070. As reported by Erbey William C, the filler owns 46% or 733,523 shares of the Finance–company.

Altisource Asset Management Corp stake is new for [reportingPerson]. Date of activity: December 7, 2017. This shows Erbey William C’s positive view for Altisource Asset Management Corp.

Altisource Asset Management Corp Institutional Sentiment

Filings show 42 investors own Altisource Asset Management Corp. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 4575954. 5998595 were owned by these investors. 5 funds opened new Altisource Asset Management Corp stakes, 9 increased positions. There were 15 that closed positions and 18 reduced them.

New York Life Investment Management Llc is an investor bullish on Altisource Asset Management Corp, owning 432 shares as of Q3 2015 for less than 0.01% of its portfolio. Paul Orlin And Alex Porter Amici Capital Llc owns 7047 shares or 0.01% of its portfolio. NY Luxor Capital Group Lp have 0.22% of its portfolio for 397665 shares. Further, Kazazian Asset Management Llc reported stake worth 0.32% of its portfolio. The NY Boston Provident Lp owns 24068 shares. Altisource Asset Management Corp is 0.49% of its portfolio.

Business Profile

Altisource Asset Management Corporation provides asset management and corporate governance services to institutional investors. The Company’s primary client is Altisource Residential Corporation (Residential). The Company operates through segment, which is focused on providing asset management and certain corporate governance services to Residential. Its 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. Residential is a public real estate investment trust (REIT) that acquires and manages single-family rental properties by acquiring sub-performing and non-performing mortgage loans throughout the United States. In addition to providing services to Residential, it also provides management services to NewSource Reinsurance Company Ltd., which is an insurance and reinsurance company.

SEC Form 13D.

The stock increased 1.63% or $1.175 during the last trading session, reaching $73.375. About 11,400 shares traded or 375.79% up from the average. Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) has risen 495.14% since December 8, 2016 and is uptrending. It has outperformed by 478.44% the S&P500.

Altisource Asset Management Corporation, an asset management company, provides portfolio management and corporate governance services to institutional investors in the United States. The company has market cap of $117.03 million. The firm offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families. It currently has negative earnings. It also provides management services to NewSource Reinsurance Company Ltd.

More news for Altisource Asset Management Corporation (NYSEAMERICAN:AAMC) were recently published by: Globenewswire.com, which released: “Altisource Asset Management Corporation Reports Third Quarter 2017 Results …” on November 07, 2017. Seekingalpha.com‘s article titled: “Ocwen now down 40% as investors debate endgame” and published on April 20, 2017 is yet another important article.

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