Altisource Portfolio Solutions SA (NASDAQ:ASPS) traded down 3.9% on Wednesday . The stock traded as low as $30.59 and last traded at $31.18, with a volume of 688,273 shares. The stock had previously closed at $32.46.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Compass Point upgraded Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $31.00 in a report on Wednesday, August 10th.

The firm has a market cap of $575.98 million, a price-to-earnings ratio of 20.68 and a beta of 0.91. The company’s 50-day moving average price is $30.86 and its 200-day moving average price is $27.67.

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Altisource Portfolio Solutions SA (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by $0.10. The business earned $241.30 million during the quarter, compared to analysts’ expectations of $239.10 million. Altisource Portfolio Solutions SA had a net margin of 2.90% and a return on equity of 206.80%. Altisource Portfolio Solutions SA’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 EPS. Analysts forecast that Altisource Portfolio Solutions SA will post $5.93 earnings per share for the current year.

In other news, major shareholder Omega Advisors Inc. bought 172,804 shares of Altisource Portfolio Solutions SA stock in a transaction that occurred on Thursday, July 28th. The shares were purchased at an average price of $23.88 per share, for a total transaction of $4,126,559.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William C. Erbey sold 57,142 shares of Altisource Portfolio Solutions SA stock in a transaction 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 completion of the transaction, the insider now owns 800,709 shares in the company, valued at approximately $19,064,881.29. The disclosure for this sale can be found here. 6.03% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ASPS. Quantbot Technologies LP purchased a new position in shares of Altisource Portfolio Solutions SA during the second quarter worth $103,000. Royal Bank of Canada boosted its position in shares of Altisource Portfolio Solutions SA by 10,537.8% in the first quarter. Royal Bank of Canada now owns 4,787 shares of the company’s stock worth $115,000 after buying an additional 4,742 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of Altisource Portfolio Solutions SA by 2.8% in the second quarter. BlackRock Advisors LLC now owns 6,105 shares of the company’s stock worth $170,000 after buying an additional 168 shares during the last quarter. BlackRock Inc. boosted its position in shares of Altisource Portfolio Solutions SA by 386.9% in the second quarter. BlackRock Inc. now owns 6,223 shares of the company’s stock worth $173,000 after buying an additional 4,945 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Altisource Portfolio Solutions SA during the second quarter worth $225,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.

Altisource Portfolio Solutions SA Company Profile

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.

5 Day Chart for NASDAQ:ASPS

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