GAM Holding AG decreased its stake in Altisource Residential Corporation (NYSE:RESI) by 73.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 125,883 shares of the real estate investment trust’s stock after selling 342,028 shares during the period. GAM Holding AG owned approximately 0.24% of Altisource Residential Corporation worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Altisource Residential Corporation by 27.9% in the first quarter. Public Employees Retirement System of Ohio now owns 7,437 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,623 shares during the period. SG Americas Securities LLC purchased a new position in Altisource Residential Corporation during the second quarter worth approximately $114,000. Quantbot Technologies LP increased its position in Altisource Residential Corporation by 1,008.9% in the first quarter. Quantbot Technologies LP now owns 9,758 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 8,878 shares during the period. Utah Retirement Systems purchased a new position in Altisource Residential Corporation during the first quarter worth approximately $157,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Altisource Residential Corporation during the second quarter worth approximately $330,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Shares of Altisource Residential Corporation (NYSE RESI) opened at 12.15 on Wednesday. The company’s 50 day moving average price is $12.69 and its 200 day moving average price is $13.69. The stock’s market capitalization is $648.31 million. Altisource Residential Corporation has a one year low of $9.86 and a one year high of $15.66.

Altisource Residential Corporation (NYSE:RESI) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by $0.30. The company had revenue of $30.10 million for the quarter, compared to analyst estimates of $32.55 million. Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The company’s revenue was up 250.0% on a year-over-year basis. During the same quarter last year, the business earned ($1.16) earnings per share. On average, equities analysts expect that Altisource Residential Corporation will post ($2.07) earnings per share for the current year.

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A number of equities analysts have recently commented on the company. Northland Securities restated a “buy” rating and issued a $17.00 price objective on shares of Altisource Residential Corporation in a report on Thursday, August 10th. Zacks Investment Research upgraded Altisource Residential Corporation from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, May 3rd. BidaskClub downgraded Altisource Residential Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Altisource Residential Corporation presently has an average rating of “Hold” and an average target price of $15.67.

Altisource Residential Corporation Company Profile

Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.

Institutional Ownership by Quarter for Altisource Residential Corporation (NYSE:RESI)

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