CQS Cayman LP raised its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,000 shares of the business services provider’s stock after acquiring an additional 5,000 shares during the quarter. CQS Cayman LP’s holdings in Altisource Portfolio Solutions were worth $3,932,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in Altisource Portfolio Solutions during the second quarter valued at $32,000. First Quadrant L P CA bought a new stake in Altisource Portfolio Solutions during the second quarter valued at $38,000. BNP Paribas Arbitrage SA boosted its position in Altisource Portfolio Solutions by 274.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,945 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 1,426 shares during the last quarter. Bank of America Corp DE boosted its position in Altisource Portfolio Solutions by 115.6% during the fourth quarter. Bank of America Corp DE now owns 10,874 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 5,831 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Altisource Portfolio Solutions during the second quarter valued at $245,000. 60.66% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on ASPS shares. BidaskClub raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.00.
Shares of ASPS stock traded up $0.31 on Friday, reaching $22.21. 45,631 shares of the company were exchanged, compared to its average volume of 49,916. The company has a market cap of $352.94 million, a price-to-earnings ratio of -69.41 and a beta of 1.07. The company has a 50-day moving average of $20.01 and a 200-day moving average of $22.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.10 and a quick ratio of 2.10. Altisource Portfolio Solutions S.A. has a one year low of $18.31 and a one year high of $35.27.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.92). The company had revenue of $196.54 million for the quarter, compared to the consensus estimate of $169.90 million. Altisource Portfolio Solutions had a negative return on equity of 3.95% and a negative net margin of 1.52%. Altisource Portfolio Solutions’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. As a group, sell-side analysts predict that Altisource Portfolio Solutions S.A. will post 0.04 EPS for the current year.
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.
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