Wall Street Zen upgraded shares of Altisource Portfolio Solutions (NASDAQ:ASPS - Free Report) from a hold rating to a buy rating in a research report report published on Saturday.
Altisource Portfolio Solutions Price Performance
Shares of NASDAQ:ASPS traded down $0.59 during trading on Friday, reaching $9.90. The stock had a trading volume of 27,200 shares, compared to its average volume of 40,325. The business's 50-day moving average price is $9.54 and its 200 day moving average price is $7.51. Altisource Portfolio Solutions has a 52 week low of $3.46 and a 52 week high of $15.96. The stock has a market capitalization of $108.80 million, a PE ratio of -2.27 and a beta of 0.18.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $0.14 earnings per share for the quarter. The company had revenue of $40.79 million during the quarter.
Institutional Investors Weigh In On Altisource Portfolio Solutions
Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd boosted its position in shares of Altisource Portfolio Solutions by 306.4% during the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after acquiring an additional 60,933 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock valued at $131,000 after buying an additional 16,390 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Altisource Portfolio Solutions during the first quarter worth about $214,000. Integrated Wealth Concepts LLC purchased a new position in Altisource Portfolio Solutions in the fourth quarter valued at about $302,000. Finally, Nantahala Capital Management LLC boosted its stake in Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock valued at $1,399,000 after acquiring an additional 1,037,275 shares during the last quarter. 41.36% of the stock is currently owned by institutional investors and hedge funds.
About Altisource Portfolio Solutions
(
Get Free Report)
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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