XTX Topco Ltd Increases Position in Altisource Portfolio Solutions S.A. $ASPS

Key Points

• XTX Topco Ltd significantly increased its stake in Altisource Portfolio Solutions by 306.4% during Q1, acquiring a total of 80,818 shares worth $55,000.
• Geode Capital Management and Nantahala Capital Management also expanded their investments in Altisource, with Nantahala increasing its position by 95.1% in Q4.
• Wall Street analysts have upgraded Altisource Portfolio Solutions from a "hold" rating to a "buy" rating, indicating a positive forecast for the company's stock performance.

XTX Topco Ltd grew its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Free Report) by 306.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,818 shares of the business services provider's stock after acquiring an additional 60,933 shares during the period. XTX Topco Ltd owned about 0.09% of Altisource Portfolio Solutions worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock worth $131,000 after acquiring an additional 16,390 shares in the last quarter. Nantahala Capital Management LLC grew its stake in shares of 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 worth $1,399,000 after acquiring an additional 1,037,275 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Altisource Portfolio Solutions during the fourth quarter worth $302,000. Institutional investors and hedge funds own 41.36% of the company's stock.

Altisource Portfolio Solutions Stock Up 1.8%

ASPS traded up $0.19 on Wednesday, reaching $10.96. The company had a trading volume of 7,826 shares, compared to its average volume of 24,257. Altisource Portfolio Solutions S.A. has a 1 year low of $3.46 and a 1 year high of $15.96. The stock has a market capitalization of $120.45 million, a PE ratio of -2.51 and a beta of 0.23. The stock has a 50-day moving average price of $10.94 and a 200-day moving average price of $8.10.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last announced its quarterly 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.

About Altisource Portfolio Solutions

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.