Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Lifted to Strong-Buy at ValuEngine

ValuEngine upgraded shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) from a buy rating to a strong-buy rating in a research report report published on Friday, July 28th.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Altisource Portfolio Solutions from a strong-buy rating to a buy rating in a research report on Saturday, July 8th. TheStreet cut shares of Altisource Portfolio Solutions from a c rating to a d+ rating in a research report on Monday, May 15th. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a strong sell rating to a hold rating in a research report on Wednesday, April 19th. Northland Securities lowered shares of Altisource Portfolio Solutions from an outperform rating to a market perform rating in a research note on Tuesday, May 2nd. Finally, Compass Point upgraded shares of Altisource Portfolio Solutions from a sell rating to a neutral rating and upped their price target for the company from $7.00 to $15.00 in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $15.00.

Altisource Portfolio Solutions (NASDAQ ASPS) traded up 0.63% during trading on Friday, hitting $23.92. 171,241 shares of the stock traded hands. The firm has a market cap of $440.89 million, a PE ratio of 27.72 and a beta of 0.75. Altisource Portfolio Solutions has a 12 month low of $16.17 and a 12 month high of $46.99. The firm has a 50-day moving average price of $22.77 and a 200 day moving average price of $25.75.

WARNING: This story was published by BBNS and is owned by of BBNS. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://baseballnewssource.com/markets/altisource-portfolio-solutions-s-a-nasdaqasps-upgraded-by-valuengine-to-strong-buy-updated/1315347.html.

In related news, major shareholder Deer Park Road Management Comp purchased 55,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average price of $18.92 per share, for a total transaction of $1,040,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.03% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Altisource Portfolio Solutions during the fourth quarter worth $1,771,000. Dimensional Fund Advisors LP increased its position in Altisource Portfolio Solutions by 24.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,316 shares of the business services provider’s stock valued at $10,565,000 after buying an additional 76,818 shares during the last quarter. State Street Corp increased its position in Altisource Portfolio Solutions by 2.3% in the fourth quarter. State Street Corp now owns 223,709 shares of the business services provider’s stock valued at $5,950,000 after buying an additional 4,941 shares during the last quarter. SG Americas Securities LLC increased its position in Altisource Portfolio Solutions by 523.6% in the first quarter. SG Americas Securities LLC now owns 48,324 shares of the business services provider’s stock valued at $1,778,000 after buying an additional 40,575 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in Altisource Portfolio Solutions during the first quarter valued at about $318,000. Hedge funds and other institutional investors own 56.81% of the company’s stock.

About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Altisource Portfolio Solutions S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions S.A. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.