Altisource Portfolio Solutions S.A. (ASPS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 10.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,040 shares of the business services provider’s stock after selling 1,361 shares during the quarter. Rhumbline Advisers owned approximately 0.07% of Altisource Portfolio Solutions worth $263,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ASPS. Whitebox Advisors LLC purchased a new position in Altisource Portfolio Solutions during the 1st quarter valued at $3,496,000. UBS Group AG increased its position in Altisource Portfolio Solutions by 605.2% during the 1st quarter. UBS Group AG now owns 23,822 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 20,444 shares during the period. Schwab Charles Investment Management Inc. increased its position in Altisource Portfolio Solutions by 13.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,785 shares of the business services provider’s stock valued at $2,614,000 after purchasing an additional 13,922 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Altisource Portfolio Solutions during the 1st quarter valued at $428,000. Finally, Schroder Investment Management Group purchased a new position in Altisource Portfolio Solutions during the 1st quarter valued at $318,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This story was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/2956564/altisource-portfolio-solutions-s-a-asps-shares-sold-by-rhumbline-advisers.html.

In other news, Director Orin S. Kramer purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were purchased at an average price of $22.34 per share, for a total transaction of $558,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.75% of the company’s stock.

A number of brokerages have issued reports on ASPS. Zacks Investment Research downgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Northland Securities reissued a “hold” rating and set a $23.00 price objective on shares of Altisource Portfolio Solutions in a research report on Friday, August 11th. BidaskClub downgraded shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, ValuEngine raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.33.

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) opened at 26.55 on Friday. The stock has a market capitalization of $479.17 million, a P/E ratio of 87.91 and a beta of 0.78. The stock has a 50 day moving average of $24.54 and a 200-day moving average of $24.64. Altisource Portfolio Solutions S.A. has a 52-week low of $16.17 and a 52-week high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.69 by $0.19. The firm had revenue of $250.69 million for the quarter, compared to analyst estimates of $239.30 million. Altisource Portfolio Solutions had a return on equity of 82.95% and a net margin of 0.60%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. Analysts predict that Altisource Portfolio Solutions S.A. will post $2.83 EPS for the current fiscal year.

Altisource Portfolio Solutions Profile

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.

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)

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 MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.