Altisource Portfolio Solutions SA (ASPS) Trading Up 2.7%
Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) were up 2.7% during trading on Monday . The company traded as high as $23.98 and last traded at $23.89, with a volume of 241,442 shares trading hands. The stock had previously closed at $23.26.
A number of analysts have commented on ASPS shares. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions SA from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Wednesday, June 15th. Piper Jaffray Cos. lowered shares of Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $24.00 to $16.00 in a research note on Monday, May 2nd.
The stock has a market capitalization of $440.01 million and a PE ratio of 15.80. The stock has a 50 day moving average of $26.30 and a 200-day moving average of $26.88.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last issued its earnings results on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.10. During the same quarter last year, the company earned $2.22 EPS. The firm had revenue of $241.30 million for the quarter, compared to analysts’ expectations of $239.10 million. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Altisource Portfolio Solutions SA will post $5.71 earnings per share for the current year.
In other news, major shareholder William C. Erbey sold 57,142 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.81, for a total value of $1,360,551.02. Following the transaction, the insider now owns 800,709 shares in the company, valued at $19,064,881.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Omega Advisors Inc. bought 172,804 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was purchased at an average price of $23.88 per share, for a total transaction of $4,126,559.52. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Altisource Portfolio Solutions SA stock. Whitebox Advisors LLC boosted its stake in Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 33.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 435,852 shares of the company’s stock after buying an additional 110,411 shares during the period. Whitebox Advisors LLC owned 2.26% of Altisource Portfolio Solutions SA worth $12,121,000 as of its most recent SEC filing.
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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