Hotchkis & Wiley Capital Management LLC acquired a new position in Altisource Residential Corporation (NYSE:RESI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,727 shares of the real estate investment trust’s stock, valued at approximately $186,000.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Altisource Residential 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 valued at $113,000 after buying an additional 1,623 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Altisource Residential in the second quarter valued at $114,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Altisource Residential in the third quarter valued at $231,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Altisource Residential in the second quarter valued at $294,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Altisource Residential in the second quarter valued at $330,000. Hedge funds and other institutional investors own 70.28% of the company’s stock.

Shares of Altisource Residential Corporation (NYSE RESI) opened at $10.92 on Friday. Altisource Residential Corporation has a 52 week low of $10.37 and a 52 week high of $15.66.

A number of research analysts have recently weighed in on the company. Northland Securities restated a “buy” rating and issued a $17.00 price target on shares of Altisource Residential in a research report on Thursday, August 10th. Zacks Investment Research upgraded Altisource Residential from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Thursday, August 31st. Finally, BidaskClub cut Altisource Residential from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Altisource Residential has an average rating of “Hold” and an average target price of $15.43.

ILLEGAL ACTIVITY NOTICE: “Hotchkis & Wiley Capital Management LLC Acquires New Stake in Altisource Residential Corporation (RESI)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/03/hotchkis-wiley-capital-management-llc-acquires-new-stake-in-altisource-residential-corporation-resi.html.

Altisource Residential 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 (NYSE:RESI)

Receive News & Stock Ratings for Altisource Residential Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential Corporation and related stocks with our FREE daily email newsletter.