Altisource Portfolio Solutions S.A. (ASPS) Receives Average Rating of “Hold” from Analysts

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has received an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.50.

A number of research firms have weighed in on ASPS. BidaskClub cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Northland Securities restated a “hold” rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th.

Altisource Portfolio Solutions (NASDAQ:ASPS) opened at $24.82 on Tuesday. 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 firm has a market cap of $444.40, a price-to-earnings ratio of 225.64, a price-to-earnings-growth ratio of 0.57 and a beta of 0.97. Altisource Portfolio Solutions has a 12-month low of $16.17 and a 12-month high of $46.99.

In other Altisource Portfolio Solutions news, 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, for a total transaction of $9,775,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.75% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ASPS. Schwab Charles Investment Management Inc. raised its position in shares of Altisource Portfolio Solutions by 13.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,785 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 13,922 shares during the last quarter. Wells Fargo & Company MN raised its position 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 valued at $228,000 after buying an additional 39 shares during the last quarter. Alliancebernstein L.P. raised its position 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 valued at $575,000 after buying an additional 16,000 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Altisource Portfolio Solutions by 7.1% in the second quarter. Teachers Advisors LLC now owns 33,593 shares of the business services provider’s stock valued at $733,000 after buying an additional 2,223 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Altisource Portfolio Solutions by 8.3% in the second quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock valued at $20,463,000 after buying an additional 72,193 shares during the last quarter. Institutional investors and hedge funds own 52.88% of the company’s stock.

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Altisource Portfolio Solutions Company Profile

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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