Altisource Asset Management Corp Q1 2018 Institutional Investor Sentiment Worse Than Expected

June 17, 2018 - By Graig Alexander

Sentiment for Altisource Asset Management Corp (NYSEMKT:AAMC)

Altisource Asset Management Corp (NYSEMKT:AAMC) institutional sentiment decreased to 0.71 in Q1 2018. Its down -0.46, from 1.17 in 2017Q4. The ratio worsened, as 5 investment managers started new or increased positions, while 7 decreased and sold their equity positions in Altisource Asset Management Corp. The investment managers in our partner’s database now possess: 547,799 shares, down from 551,544 shares in 2017Q4. Also, the number of investment managers holding Altisource Asset Management Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 2 Reduced: 5 Increased: 3 New Position: 2.

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 $113.15 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.

The stock increased 7.01% or $4.6 during the last trading session, reaching $70.2. About 7,329 shares traded or 340.71% up from the average. Altisource Asset Management Corporation (NYSEMKT:AAMC) has declined 11.05% since June 17, 2017 and is downtrending. It has underperformed by 23.62% the S&P500.

Twin Securities Inc. holds 0.64% of its portfolio in Altisource Asset Management Corporation for 57,183 shares. Kazazian Asset Management Llc owns 5,327 shares or 0.37% of their US portfolio. Moreover, Gratia Capital Llc has 0.26% invested in the company for 13,745 shares. The Massachusetts-based Putnam Investments Llc has invested 0.04% in the stock. Atlantic Trust Group Llc, a Georgia-based fund reported 74 shares.

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