Altisource Portfolio Solutions SA (ASPS) Sees Large Volume Increase
Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) saw strong trading volume on Friday . 584,671 shares traded hands during trading, an increase of 8% from the previous session’s volume of 543,880 shares.The stock last traded at $24.64 and had previously closed at $26.02.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Altisource Portfolio Solutions SA from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Wednesday, June 15th. Piper Jaffray Cos. cut Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $24.00 to $16.00 in a report on Monday, May 2nd.
The stock has a market cap of $460.68 million and a price-to-earnings ratio of 9.02. The stock’s 50-day moving average is $27.31 and its 200-day moving average is $27.15.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The company earned $241.30 million during the quarter, compared to analyst estimates of $239.10 million. Altisource Portfolio Solutions SA’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.22 EPS. On average, equities analysts forecast that Altisource Portfolio Solutions SA will post $6.02 EPS for the current year.
In other news, insider Kevin James Wilcox purchased 1,700 shares of Altisource Portfolio Solutions SA stock in a transaction that occurred on Monday, May 2nd. The stock was acquired at an average cost of $29.36 per share, for a total transaction of $49,912.00. Following the purchase, the insider now directly owns 55,010 shares of the company’s stock, valued at approximately $1,615,093.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Other institutional investors recently made changes to their positions in the company. Whitebox Advisors LLC boosted its position in shares of Altisource Portfolio Solutions SA by 33.9% in the fourth quarter. Whitebox Advisors LLC now owns 435,852 shares of the company’s stock valued at $12,121,000 after buying an additional 110,411 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Altisource Portfolio Solutions SA by 8,221.4% in the fourth quarter. Teacher Retirement System of Texas now owns 155,110 shares of the company’s stock valued at $4,314,000 after buying an additional 153,246 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Altisource Portfolio Solutions SA by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 289,688 shares of the company’s stock valued at $8,056,000 after buying an additional 3,369 shares in the last quarter.
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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