Todays Report: Today: Global X Management Co. LLC decides to keep it stake in Altisource Residential Corp. (RESI) to the level of $8,155,000

Today: Global X Management Co. LLC decides to keep it stake in Altisource Residential Corp. (RESI) to the level of $8,155,000

Global X Management Co. LLC increased its position in Altisource Residential Corp. (NYSE:RESI) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 748,149 shares of the company’s stock after buying an additional 7,291 shares during the period. Global X Management Co. LLC owned about 1.37% of Altisource Residential Corp. worth $8,155,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of Altisource Residential Corp. during the second quarter worth $141,000. Bank of New York Mellon Corp boosted its stake in shares of Altisource Residential Corp. by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 217,052 shares of the company’s stock worth $1,995,000 after buying an additional 20,325 shares in the last quarter. Boston Partners boosted its stake in shares of Altisource Residential Corp. by 2.4% in the second quarter. Boston Partners now owns 114,997 shares of the company’s stock worth $1,057,000 after buying an additional 2,703 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Altisource Residential Corp. by 8.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 220,378 shares of the company’s stock worth $2,026,000 after buying an additional 16,621 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Altisource Residential Corp. during the second quarter worth about $1,521,000. 72.83% of the stock is currently owned by institutional investors.

Altisource Residential Corp. (NYSE:RESI) traded up 0.455% on Monday, hitting $12.145. 91,825 shares of the company traded hands. The firm’s 50 day moving average price is $10.69 and its 200 day moving average price is $10.20. The firm’s market capitalization is $654.24 million. Altisource Residential Corp. has a 1-year low of $7.81 and a 1-year high of $14.07.

Altisource Residential Corp. (NYSE:RESI) last posted its earnings results on Monday, November 7th. The company reported ($1.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.58. Altisource Residential Corp. had a negative return on equity of 16.34% and a negative net margin of 338.43%. The firm had revenue of $4.40 million for the quarter, compared to analyst estimates of $27.97 million. During the same quarter last year, the firm posted ($0.09) EPS. Equities research analysts predict that Altisource Residential Corp. will post ($2.82) EPS for the current fiscal year.

Several brokerages have recently weighed in on RESI. Nomura upgraded Altisource Residential Corp. from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $15.00 in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded Altisource Residential Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 19th. JMP Securities reiterated a “hold” rating on shares of Altisource Residential Corp. in a research report on Thursday. Citigroup Inc. upped their price target on Altisource Residential Corp. from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Finally, Northland Securities began coverage on Altisource Residential Corp. in a research report on Thursday, August 18th. They set an “outperform” rating on the stock. Two investment 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.42.

In other news, CEO George G. Ellison bought 22,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of $11.30 per share, for a total transaction of $248,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Reiner bought 3,500 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average price of $11.57 per share, for a total transaction of $40,495.00. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Altisource Residential Corp. Company Profile

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