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Altisource Asset Management Corp (NASDAQ:AAMC) major shareholder Luxor Capital Group, Lp bought 2,841 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $700.60 per share, for a total transaction of $1,990,404.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Altisource Asset Management Corp (NASDAQ:AAMC) traded up 0.57% on Wednesday, hitting $705.00. The stock had a trading volume of 7,377 shares. Altisource Asset Management Corp has a one year low of $310.00 and a one year high of $1209.00. The stock has a 50-day moving average of $645.0 and a 200-day moving average of $862.3. The company has a market cap of $1.581 billion and a price-to-earnings ratio of 106.94.

Altisource Asset Management Corp (NASDAQ:AAMC) last announced its earnings results on Tuesday, July 22nd. The company reported $4.60 EPS for the quarter.

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