Wall Street Zen upgraded shares of Altisource Portfolio Solutions (NASDAQ:ASPS - Free Report) to a hold rating in a research report released on Saturday morning.
Altisource Portfolio Solutions Price Performance
Shares of NASDAQ ASPS traded down $1.07 during midday trading on Friday, reaching $12.61. 36,084 shares of the company traded hands, compared to its average volume of 36,229. Altisource Portfolio Solutions has a 52 week low of $1.73 and a 52 week high of $14.48. The stock has a 50-day moving average price of $8.27 and a 200 day moving average price of $6.97. The company has a market cap of $140.22 million, a price-to-earnings ratio of -1.55 and a beta of 0.18.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.16) EPS for the quarter.
Institutional Trading of Altisource Portfolio Solutions
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock worth $131,000 after buying an additional 16,390 shares during the period. XTX Topco Ltd raised its holdings in 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 buying an additional 60,933 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Altisource Portfolio Solutions during the 1st quarter worth about $214,000. Nantahala Capital Management LLC raised its holdings in Altisource Portfolio Solutions by 16.4% during the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock worth $1,687,000 after buying an additional 349,028 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Altisource Portfolio Solutions during the 4th quarter worth about $302,000. Institutional investors and hedge funds own 41.36% of the company's stock.
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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