Putnam Investments LLC Trims Holdings in Altisource Portfolio Solutions S.A. (ASPS)

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Putnam Investments LLC lessened its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,983,507 shares of the business services provider’s stock after selling 6,400 shares during the quarter. Putnam Investments LLC owned approximately 0.12% of Altisource Portfolio Solutions worth $63,928,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hartford Investment Management Co. acquired a new stake in Altisource Portfolio Solutions in the third quarter valued at approximately $207,000. Russell Investments Group Ltd. purchased a new position in shares of Altisource Portfolio Solutions during the second quarter valued at approximately $233,000. Schroder Investment Management Group purchased a new position in shares of Altisource Portfolio Solutions during the third quarter valued at approximately $319,000. Manning & Napier Group LLC purchased a new position in shares of Altisource Portfolio Solutions during the third quarter valued at approximately $446,000. Finally, Laurion Capital Management LP purchased a new position in shares of Altisource Portfolio Solutions during the third quarter valued at approximately $617,000. 71.60% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. BidaskClub raised Altisource Portfolio Solutions from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 8th. TheStreet cut Altisource Portfolio Solutions from a “b-” rating to a “c+” rating in a research report on Monday, November 12th. Zacks Investment Research raised Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, ValuEngine cut Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.

Shares of NASDAQ:ASPS opened at $21.46 on Friday. The company has a market cap of $364.63 million, a P/E ratio of 13.41 and a beta of 1.07. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.82 and a current ratio of 1.82. Altisource Portfolio Solutions S.A. has a 12-month low of $21.05 and a 12-month high of $37.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its earnings results on Thursday, October 25th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.36. The company had revenue of $204.58 million for the quarter, compared to analysts’ expectations of $207.00 million. Altisource Portfolio Solutions had a return on equity of 8.85% and a net margin of 35.70%. As a group, research analysts predict that Altisource Portfolio Solutions S.A. will post 0.62 earnings per share for the current fiscal year.

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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. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.

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Want to see what other hedge funds are holding ASPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altisource Portfolio Solutions S.A. (NASDAQ:ASPS).

Institutional Ownership by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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