Altisource Residential Corporation (RESI) Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Altisource Residential Corporation (NYSE:RESI) by 19.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,546 shares of the real estate investment trust’s stock after purchasing an additional 10,025 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Altisource Residential Corporation worth $797,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RESI. Teachers Advisors LLC increased its position in shares of Altisource Residential Corporation by 2.6% during the 4th quarter. Teachers Advisors LLC now owns 87,169 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 2,192 shares during the last quarter. Bank of Montreal Can increased its position in shares of Altisource Residential Corporation by 195.5% during the 1st quarter. Bank of Montreal Can now owns 37,503 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 24,813 shares during the last quarter. Boston Partners increased its holdings in shares of Altisource Residential Corporation by 2.2% during the 1st quarter. Boston Partners now owns 129,716 shares of the real estate investment trust’s stock worth $1,978,000 after acquiring an additional 2,829 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Altisource Residential Corporation by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 265,618 shares of the real estate investment trust’s stock worth $4,051,000 after acquiring an additional 17,342 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Altisource Residential Corporation by 59.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 33,959 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 12,659 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altisource Residential Corporation (NYSE RESI) traded down 0.72% on Friday, reaching $11.05. The company’s stock had a trading volume of 429,148 shares. The stock’s market cap is $589.62 million. Altisource Residential Corporation has a 52-week low of $9.86 and a 52-week high of $15.66. The firm’s 50 day moving average is $12.10 and its 200-day moving average is $13.54.

Altisource Residential Corporation (NYSE:RESI) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.74) by ($0.30). Altisource Residential Corporation had a negative return on equity of 21.82% and a negative net margin of 378.17%. The firm had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $32.55 million. During the same period in the prior year, the business earned ($1.16) earnings per share. The business’s quarterly revenue was up 250.0% compared to the same quarter last year. On average, equities research analysts forecast that Altisource Residential Corporation will post ($2.07) EPS for the current year.

A number of research firms recently weighed in on RESI. BidaskClub raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine raised Altisource Residential Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Northland Securities reissued a “buy” rating and set a $17.00 target price on shares of Altisource Residential Corporation in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.33.

TRADEMARK VIOLATION NOTICE: This piece was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/09/16/altisource-residential-corporation-resi-holdings-lifted-by-russell-investments-group-ltd.html.

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.

Want to see what other hedge funds are holding RESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altisource Residential Corporation (NYSE:RESI).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply