Schroder Investment Management Group Trims Stock Holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

Schroder Investment Management Group lowered its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 59.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,198 shares of the business services provider’s stock after selling 8,913 shares during the quarter. Schroder Investment Management Group’s holdings in Altisource Portfolio Solutions were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASPS. First Quadrant L P CA purchased a new stake in shares of Altisource Portfolio Solutions in the 2nd quarter valued at $38,000. BNP Paribas Arbitrage SA increased its stake in shares of Altisource Portfolio Solutions by 274.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,945 shares of the business services provider’s stock worth $46,000 after acquiring an additional 1,426 shares during the period. Bank of America Corp DE increased its stake in shares of Altisource Portfolio Solutions by 115.6% in the fourth quarter. Bank of America Corp DE now owns 10,874 shares of the business services provider’s stock worth $244,000 after acquiring an additional 5,831 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Altisource Portfolio Solutions during the second quarter worth $245,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Altisource Portfolio Solutions during the first quarter worth $752,000. 60.66% of the stock is owned by institutional investors.

Altisource Portfolio Solutions stock traded up $0.04 during midday trading on Wednesday, hitting $22.01. 402 shares of the company were exchanged, compared to its average volume of 51,263. The business has a fifty day simple moving average of $19.97 and a two-hundred day simple moving average of $22.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market capitalization of $351.98 million, a PE ratio of -68.47 and a beta of 1.07. Altisource Portfolio Solutions S.A. has a fifty-two week low of $18.31 and a fifty-two week high of $35.27.



Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.92). Altisource Portfolio Solutions had a negative net margin of 1.52% and a negative return on equity of 3.95%. The company had revenue of $196.54 million during the quarter, compared to analyst estimates of $169.90 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts expect that Altisource Portfolio Solutions S.A. will post 0.04 earnings per share for the current year.

A number of research analysts recently issued reports on ASPS shares. ValuEngine upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 31st. Finally, BidaskClub upgraded Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.00.

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 and internationally. 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, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.

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

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