Christian Leone’s Luxor Capital Group Reported reduced Interest in Altisource Asset Management Corp (NYSEMKT:AAMC)
Luxor Capital Group filed with SEC a SC 13D/A form about Altisource Asset Management Corp. The form can be accessed here: 000101359415000599. As reported by Christian Leone’s Luxor Capital Group, the filler decreased its stake in the stock by -45.89% for 363,851 shares. Christian Leone’s Luxor Capital Group currently owns 16.6% of the Finance- stock. This ownership filing was filed because activity on December 10, 2015.
The hedge fund with about $10.73 billion looks more negative after reporting such a decrease of its Altisource Asset Management Corp ownership.
The hedge fund is active investor in the Finance sector. In the manager’s latest 13-F, we saw a few other positions. Its 25% of Christian Leone’s Luxor Capital Group’s US portfolio.
Altisource Asset Management Corp Institutional Sentiment
Latest Security and Exchange filings show 42 investors own Altisource Asset Management Corp. The institutional ownership in Q3 2015 is low, at 271.43% of the outstanding shares. This is increased by 4575954 the total institutional shares. 5998595 were the shares owned by these institutional investors. In total 5 funds opened new Altisource Asset Management Corp stakes, 9 increased stakes. There were 15 that closed positions and 18 reduced them.
New York Life Investment Management Llc is an institutional 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 their stock portfolio for 397665 shares. Further, Kazazian Asset Management Llc reported stake worth 0.32% of its US stock portfolio. The NY Boston Provident Lp owns 24068 shares. Altisource Asset Management Corp is 0.49% of the manager’s US 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). 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 the services the Company provides to Residential, it provides management services to NewSource Reinsurance Company Ltd., (NewSource), an insurance and reinsurance company. As of December 31, 2014, Residential completed the acquisition of an aggregate of 7,326 residential mortgage loans. As of December 31, 2014, Residential had 3,960 Real Estate Owned (REO) properties.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Christian Leone’s Luxor Capital Group website.
The institutional sentiment decreased to 0.42 in 2015 Q3. Its down 0.01, from 0.43 in 2015Q2. The ratio dropped, as 15 funds sold all Altisource Asset Management Corp shares owned while 18 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 6.00 million shares or 321.65% more from 1.42 million shares in 2015Q2.
Boston Provident L.P. holds 0.49% of its portfolio in Altisource Asset Management Corp for 24,068 shares. Kazazian Asset Management Llc owns 10,476 shares or 0.32% of their US portfolio. Moreover, Luxor Capital Group Lp has 0.22% invested in the company for 397,665 shares. The New York-based Amici Capital Llc has invested 0.01% in the stock. Putnam Investments Llc, a Massachusetts-based fund reported 275,198 shares.
The stock decreased 0.80% or $0.1 on December 11, hitting $12.4. About 15,226 shares traded hands. Altisource Asset Management Corp (NYSEMKT:AAMC) has declined 93.89% since May 8, 2015 and is downtrending. It has underperformed by 90.87% the S&P500.
More notable recent Altisource Asset Management Corp (NYSEMKT:AAMC) news were published by: Quotes.Wsj.com which released: “News Altisource Asset Management Corp.AAMC” on February 28, 2011, also Globenewswire.com with their article: “Altisource Asset Management Corporation Announces New Asset Management …” published on March 31, 2015, Nasdaq.com published: “Altisource Asset Management Corporation Schedules Conference Call for Third …” on September 23, 2015. More interesting news about Altisource Asset Management Corp (NYSEMKT:AAMC) were released by: Globenewswire.com and their article: “Altisource Asset Management Corporation Reports Third Quarter 2015 Results” published on November 09, 2015 as well as Globenewswire.com‘s news article titled: “Altisource Asset Management Corporation Announces Appointment of George …” with publication date: February 19, 2015.
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.” Get a free copy of the Zacks research report on Altisource Asset Management Corp (AAMC).
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