Stock Traders Buy High Volume of Altisource Portfolio Solutions Call Options (ASPS)

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw some unusual options trading on Thursday. Stock traders purchased 1,423 call options on the stock. This is an increase of 2,233% compared to the typical volume of 61 call options.

Several equities analysts have weighed in on the company. Northland Securities reissued a “hold” rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a report on Sunday, October 29th. BidaskClub raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a report on Saturday, December 16th. Finally, Zacks Investment Research raised Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Altisource Portfolio Solutions presently has an average rating of “Buy” and an average target price of $22.33.

Altisource Portfolio Solutions (ASPS) opened at $30.76 on Friday. Altisource Portfolio Solutions has a twelve month low of $16.17 and a twelve month high of $46.99. The firm has a market capitalization of $548.06, a price-to-earnings ratio of 256.33, a price-to-earnings-growth ratio of 0.73 and a beta of 0.99. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 6.46.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. The business had revenue of $235.00 million during the quarter, compared to analyst estimates of $215.40 million. During the same period in the prior year, the company earned $0.54 earnings per share. Altisource Portfolio Solutions’s revenue was down 7.0% compared to the same quarter last year. equities research analysts predict that Altisource Portfolio Solutions will post 2.72 EPS for the current year.

In other Altisource Portfolio Solutions news, CFO Indroneel Chatterjee bought 1,200 shares of Altisource Portfolio Solutions stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $26.32 per share, with a total value of $31,584.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Deer Park Road Management Comp bought 350,000 shares of Altisource Portfolio Solutions stock in a transaction dated Tuesday, January 9th. The stock was acquired at an average cost of $27.93 per share, with a total value of $9,775,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 393,942 shares of company stock valued at $10,891,306. 6.75% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Altisource Portfolio Solutions by 4.2% in the second 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 during the period. Wells Fargo & Company MN boosted its holdings in shares of Altisource Portfolio Solutions by 0.4% in the second quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after acquiring an additional 39 shares during the period. First Trust Advisors LP bought a new position in shares of Altisource Portfolio Solutions in the third quarter worth $240,000. Alliancebernstein L.P. boosted its holdings in shares of Altisource Portfolio Solutions by 154.4% in the second quarter. Alliancebernstein L.P. now owns 26,360 shares of the business services provider’s stock worth $575,000 after acquiring an additional 16,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Altisource Portfolio Solutions in the third quarter worth $617,000. 53.40% of the stock is owned by institutional investors and hedge funds.

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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.

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