State Street Corp lowered its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 5.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,772 shares of the business services provider’s stock after selling 9,881 shares during the quarter. State Street Corp owned 1.01% of Altisource Portfolio Solutions worth $1,202,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schroder Investment Management Group grew its holdings in Altisource Portfolio Solutions by 30.0% in the 4th quarter. Schroder Investment Management Group now owns 6,798 shares of the business services provider’s stock valued at $131,000 after buying an additional 1,568 shares during the last quarter. UBS Group AG grew its holdings in Altisource Portfolio Solutions by 35.4% in the 4th quarter. UBS Group AG now owns 7,012 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,834 shares during the last quarter. Barclays PLC grew its holdings in Altisource Portfolio Solutions by 67.3% in the 4th quarter. Barclays PLC now owns 5,772 shares of the business services provider’s stock valued at $111,000 after buying an additional 2,321 shares during the last quarter. Geode Capital Management LLC grew its holdings in Altisource Portfolio Solutions by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 121,508 shares of the business services provider’s stock valued at $2,348,000 after buying an additional 2,565 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Altisource Portfolio Solutions by 31.7% during the 1st quarter. Russell Investments Group Ltd. now owns 10,913 shares of the business services provider’s stock worth $82,000 after purchasing an additional 2,624 shares in the last quarter. 52.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ASPS stock opened at $14.74 on Wednesday. The stock’s fifty day simple moving average is $12.60 and its 200 day simple moving average is $13.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $234.80 million, a price-to-earnings ratio of -0.73 and a beta of 1.62. Altisource Portfolio Solutions S.A. has a one year low of $6.00 and a one year high of $23.58.
Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.08. The business had revenue of $113.18 million for the quarter, compared to analyst estimates of $122.15 million. Altisource Portfolio Solutions had a negative return on equity of 242.64% and a negative net margin of 52.72%. On average, research analysts anticipate that Altisource Portfolio Solutions S.A. will post -1.95 earnings per share for the current year.
In related news, major shareholder Deer Park Road Management Comp purchased 48,733 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $8.54 per share, with a total value of $416,179.82. 30.57% of the stock is owned by insiders.
Several analysts have recently weighed in on ASPS shares. Northland Securities reissued a “neutral” rating on shares of Altisource Portfolio Solutions in a report on Wednesday, April 8th. Zacks Investment Research raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday. TheStreet lowered Altisource Portfolio Solutions from a “c-” rating to a “d+” rating in a report on Thursday, March 12th. B. Riley reissued a “buy” rating and set a $15.00 price objective on shares of Altisource Portfolio Solutions in a report on Tuesday, June 16th. Finally, BidaskClub lowered Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.00.
Altisource Portfolio Solutions Profile
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.
Read More: Futures Contract
Want to see what other hedge funds are holding ASPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altisource Portfolio Solutions S.A. (NASDAQ:ASPS).
Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.