Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) posted its earnings results on Thursday. The business services provider reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $40.79 million for the quarter.
Altisource Portfolio Solutions Stock Down 0.2%
ASPS traded down $0.02 during trading on Wednesday, hitting $9.89. The company's stock had a trading volume of 9,621 shares, compared to its average volume of 28,433. Altisource Portfolio Solutions has a twelve month low of $3.46 and a twelve month high of $15.96. The stock's fifty day moving average price is $9.54 and its 200-day moving average price is $7.51. The firm has a market capitalization of $108.64 million, a P/E ratio of -2.27 and a beta of 0.18.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A hedge fund recently bought a new stake in Altisource Portfolio Solutions stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,739,088 shares of the business services provider's stock, valued at approximately $13,442,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 22.54% of Altisource Portfolio Solutions at the end of the most recent reporting period. Institutional investors and hedge funds own 41.36% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research report on Saturday.
Check Out Our Latest Research Report on ASPS
About Altisource Portfolio Solutions
(
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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 through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.
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