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.
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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.
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