Latest Stocks: Teachers Advisors LLC Raises Stake in Altisource Residential Corp (RESI)

Latest Stocks: Teachers Advisors LLC Raises Stake in Altisource Residential Corp (RESI)

Teachers Advisors LLC increased its stake in Altisource Residential Corp (NYSE:RESI) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,169 shares of the real estate investment trust’s stock after buying an additional 2,192 shares during the period. Teachers Advisors LLC owned approximately 0.16% of Altisource Residential Corp worth $962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RESI. GSA Capital Partners LLP bought a new position in shares of Altisource Residential Corp during the fourth quarter valued at approximately $144,000. Tudor Investment Corp Et Al bought a new position in shares of Altisource Residential Corp during the fourth quarter valued at approximately $159,000. Weiss Asset Management LP bought a new position in shares of Altisource Residential Corp during the third quarter valued at approximately $240,000. A.R.T. Advisors LLC raised its position in shares of Altisource Residential Corp by 174.3% in the fourth quarter. A.R.T. Advisors LLC now owns 59,800 shares of the real estate investment trust’s stock valued at $660,000 after buying an additional 38,000 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Altisource Residential Corp by 38.2% in the fourth quarter. Renaissance Technologies LLC now owns 451,225 shares of the real estate investment trust’s stock valued at $4,982,000 after buying an additional 124,625 shares during the period. Institutional investors and hedge funds own 73.38% of the company’s stock.

Altisource Residential Corp (RESI) opened at 13.97 on Tuesday. The company has a 50 day moving average of $14.43 and a 200 day moving average of $13.23. The company’s market capitalization is $747.60 million. Altisource Residential Corp has a 52 week low of $7.81 and a 52 week high of $15.66.

Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Altisource Residential Corp from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 price target on shares of Altisource Residential Corp in a research note on Thursday, March 2nd. Zacks Investment Research lowered shares of Altisource Residential Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Instinet reiterated a “buy” rating and issued a $18.00 price target (up from $15.00) on shares of Altisource Residential Corp in a research note on Monday, March 20th. Finally, Citigroup Inc increased their price target on shares of Altisource Residential Corp from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.50. In other news, CEO George G. Ellison bought 10,000 shares of Altisource Residential Corp stock in a transaction on Thursday, May 11th. The stock was acquired at an average cost of $14.24 per share, for a total transaction of $142,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

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