TheStreet cut shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) from a c rating to a d+ rating in a research report released on Monday, May 15th.
ASPS has been the subject of several other reports. Zacks Investment Research upgraded Altisource Portfolio Solutions from a strong sell rating to a hold rating in a research note on Wednesday, April 19th. Northland Securities lowered Altisource Portfolio Solutions from an outperform rating to a market perform rating in a research note on Tuesday, May 2nd.
Shares of Altisource Portfolio Solutions (NASDAQ ASPS) opened at 21.35 on Monday. The stock’s 50 day moving average is $22.80 and its 200-day moving average is $27.09. The stock has a market capitalization of $393.52 million, a price-to-earnings ratio of 24.74 and a beta of 1.12. Altisource Portfolio Solutions has a 52 week low of $16.17 and a 52 week high of $46.99. Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Thursday, April 27th. The business services provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The firm had revenue of $229.84 million during the quarter, compared to analyst estimates of $217.90 million. Altisource Portfolio Solutions had a return on equity of 177.60% and a net margin of 0.39%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. On average, analysts anticipate that Altisource Portfolio Solutions will post $2.63 earnings per share for the current fiscal year.
In other news, major shareholder Deer Park Road Management Comp purchased 55,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was bought at an average cost of $18.92 per share, for a total transaction of $1,040,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.03% of the company’s stock. Large investors have recently modified their holdings of the company. Welch Group LLC bought a new stake in shares of Altisource Portfolio Solutions during the first quarter valued at $108,000. TrimTabs Asset Management LLC increased its stake in shares of Altisource Portfolio Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,346 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,576 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Altisource Portfolio Solutions during the first quarter valued at $201,000. Parametric Portfolio Associates LLC bought a new stake in shares of Altisource Portfolio Solutions during the first quarter valued at $244,000. Finally, American International Group Inc. increased its stake in shares of Altisource Portfolio Solutions by 7.1% in the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after buying an additional 473 shares during the last quarter. 67.18% of the stock is owned by institutional investors.
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