Altisource Portfolio Solutions S.A. (ASPS) Holdings Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 18.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,675 shares of the business services provider’s stock after purchasing an additional 21,890 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.79% of Altisource Portfolio Solutions worth $3,666,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in Altisource Portfolio Solutions by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after buying an additional 39 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Altisource Portfolio Solutions by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after acquiring an additional 358 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Altisource Portfolio Solutions by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 33,593 shares of the business services provider’s stock worth $733,000 after acquiring an additional 2,223 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Altisource Portfolio Solutions by 8.1% in the 2nd quarter. California Public Employees Retirement System now owns 64,300 shares of the business services provider’s stock worth $1,403,000 after acquiring an additional 4,800 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Altisource Portfolio Solutions by 5.2% in the 3rd quarter. American Century Companies Inc. now owns 133,762 shares of the business services provider’s stock worth $3,460,000 after acquiring an additional 6,644 shares in the last quarter. Institutional investors own 53.05% of the company’s stock.

In related news, major shareholder Deer Park Road Management Comp acquired 350,000 shares of Altisource Portfolio Solutions stock in a transaction on Tuesday, January 9th. The shares were bought at an average cost of $27.93 per share, with a total value of $9,775,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.75% of the stock is owned by company insiders.

ASPS has been the subject of a number of analyst reports. Northland Securities reiterated a “hold” rating and set a $26.00 target price on shares of Altisource Portfolio Solutions in a research note on Sunday, October 29th. BidaskClub upgraded Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, December 16th. Finally, Zacks Investment Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.33.

Altisource Portfolio Solutions S.A. (NASDAQ ASPS) traded down $0.94 during trading hours on Monday, reaching $26.22. The company’s stock had a trading volume of 140,257 shares, compared to its average volume of 189,711. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 6.46. The company has a market capitalization of $486.29, a PE ratio of 218.50, a PEG ratio of 0.64 and a beta of 0.97. Altisource Portfolio Solutions S.A. has a twelve month low of $16.17 and a twelve month high of $46.99.

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About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

Institutional Ownership by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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