Altisource Portfolio Solutions S.A. (ASPS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 555.2% in the third quarter, Holdings Channel reports. The fund owned 52,415 shares of the business services provider’s stock after acquiring an additional 44,415 shares during the quarter. Russell Investments Group Ltd.’s holdings in Altisource Portfolio Solutions were worth $1,690,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Manning & Napier Group LLC acquired a new position in shares of Altisource Portfolio Solutions during the third quarter valued at approximately $446,000. CQS Cayman LP raised its holdings in shares of Altisource Portfolio Solutions by 46.3% during the second quarter. CQS Cayman LP now owns 95,090 shares of the business services provider’s stock valued at $2,773,000 after acquiring an additional 30,090 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Altisource Portfolio Solutions by 5.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 161,522 shares of the business services provider’s stock valued at $4,712,000 after acquiring an additional 8,591 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Altisource Portfolio Solutions by 2.0% during the second quarter. BlackRock Inc. now owns 796,910 shares of the business services provider’s stock valued at $23,246,000 after acquiring an additional 15,707 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Altisource Portfolio Solutions by 18.3% during the second quarter. Renaissance Technologies LLC now owns 560,500 shares of the business services provider’s stock valued at $16,350,000 after acquiring an additional 86,600 shares during the last quarter. 71.60% of the stock is owned by institutional investors and hedge funds.

ASPS stock opened at $22.81 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $387.56 million, a PE ratio of 8.15 and a beta of 1.07. Altisource Portfolio Solutions S.A. has a 1 year low of $21.05 and a 1 year high of $37.86.



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

A number of brokerages have commented on ASPS. Zacks Investment Research raised Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. BidaskClub lowered Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. TheStreet upgraded Altisource Portfolio Solutions from a “c” rating to a “b-” rating in a research report on Friday, August 17th. Finally, ValuEngine lowered Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.

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Altisource Portfolio Solutions Profile

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.

Further Reading: Google Finance Portfolio

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

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