Stock On Watch: Christian Leone’s Luxor Capital Group Just Disclosed New Altisource Asset Management Corp Position

Stock On Watch: Christian Leone's Luxor Capital Group Just Disclosed New Altisource Asset Management Corp Position

The New Christian Leone’s Luxor Capital Group Holding in Altisource Asset Management Corp

Luxor Capital Group filed with the SEC SC 13D/A form for Altisource Asset Management Corp. The form can be accessed here: 000101359416001318. As reported in Christian Leone’s Luxor Capital Group’s form, the filler as of late owns 18.8% or 319,680 shares of the Finance–company.

Altisource Asset Management Corp stake is a new one for the for the hedge fund and it was filed because of activity on November 11, 2016. We feel this shows Christian Leone’s Luxor Capital Group’s positive view for the stock. For a hedge fund managing $10.73 billion in assets and having 45+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Christian Leone’s Luxor Capital Group’s US equities portfolio is in this sector.

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 379.66% 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). 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 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.

Insitutional Activity: The institutional sentiment decreased to 0.27 in Q2 2016. Its down 1.33, from 1.6 in 2016Q1. The ratio worsened, 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.

Moreover, Deutsche Bankshares Ag has 0% invested in Altisource Asset Management Corp (NYSEMKT:AAMC) for 9,833 shares. Dimensional Fund Advsr Lp holds 53,753 shares or 0% of its portfolio. Barclays Public Limited Com has 0% invested in the company for 108 shares. Manufacturers Life Insurance The holds 0% or 164 shares in its portfolio. Bnp Paribas Arbitrage Sa holds 2 shares or 0% of its portfolio. Moreover, Blackrock Inv Management Ltd Limited Liability Company has 0% invested in Altisource Asset Management Corp (NYSEMKT:AAMC) for 150 shares. Luxor Capital Grp Lp, a New York-based fund reported 200,280 shares. The Georgia-based Invesco Ltd has invested 0% in Altisource Asset Management Corp (NYSEMKT:AAMC). Blackrock Fund holds 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC) for 1,751 shares. Vanguard holds 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC) for 29,491 shares. Tower Capital Lc (Trc) has 0% invested in the company for 1,896 shares. Pnc Fincl Ser Grp accumulated 0% or 41 shares. National Bank & Trust Of America Corporation De accumulated 251 shares or 0% of the stock. Morgan Stanley last reported 0% of its portfolio in the stock. Kazazian Asset Management Limited Liability Corp last reported 0.22% of its portfolio in the stock.

The stock increased 1.40% or $0.45 on November 15, hitting $32.5. About 15,892 shares traded hands. Altisource Asset Management Corp (NYSEMKT:AAMC) has risen 70.37% since April 13, 2016 and is uptrending. It has outperformed by 66.44% the S&P500.

Altisource Asset Management Corporation provides asset management and corporate governance services to institutional investors. The company has a market cap of $46.29 million. The Company’s primary client is Altisource Residential Corporation . It currently has negative earnings. The Firm operates through segment, which is focused on providing asset management and certain corporate governance services to Residential.

More notable recent Altisource Asset Management Corp (NYSEMKT:AAMC) news were published by: Marketwatch.com which released: “Altisource Asset Management Corp.” on January 23, 2013, also Nasdaq.com with their article: “Altisource Asset Management Corporation Reports Third Quarter 2016 Results” published on November 07, 2016, Reuters.com published: “BRIEF-Altisource Asset Management Corporation reports third quarter 2016 r…” on November 07, 2016. More interesting news about Altisource Asset Management Corp (NYSEMKT:AAMC) were released by: Globenewswire.com and their article: “Altisource Asset Management Corporation Reports Second Quarter 2016 Results” published on August 08, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Altisource Asset Management Corp.AAMC” with publication date: February 28, 2011.

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.”

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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