BidaskClub upgraded shares of Altisource Portfolio Solutions (NASDAQ:ASPS) from a buy rating to a strong-buy rating in a report issued on Thursday.
Separately, Zacks Investment Research upgraded Altisource Portfolio Solutions from a sell rating to a hold rating in a report on Wednesday, December 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. Altisource Portfolio Solutions currently has an average rating of Buy and an average target price of $22.33.
Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) opened at $29.37 on Thursday. Altisource Portfolio Solutions has a 1-year low of $16.17 and a 1-year high of $46.99. The stock has a market capitalization of $514.21, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.67 and a beta of 0.98. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19.
In other Altisource Portfolio Solutions news, major shareholder Deer Park Road Management Comp acquired 200,000 shares of Altisource Portfolio Solutions stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $23.75 per share, for a total transaction of $4,750,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.75% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Deer Park Road Corp bought a new position in Altisource Portfolio Solutions in the 4th quarter valued at $58,478,000. Vanguard Group Inc. grew its stake in Altisource Portfolio Solutions by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock valued at $20,463,000 after purchasing an additional 72,193 shares during the period. Renaissance Technologies LLC grew its stake in Altisource Portfolio Solutions by 40.1% in the 4th quarter. Renaissance Technologies LLC now owns 305,000 shares of the business services provider’s stock valued at $8,540,000 after purchasing an additional 87,300 shares during the period. State Street Corp grew its stake in Altisource Portfolio Solutions by 4.2% in the 2nd quarter. State Street Corp now owns 236,263 shares of the business services provider’s stock valued at $5,158,000 after purchasing an additional 9,564 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Altisource Portfolio Solutions by 18.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 141,675 shares of the business services provider’s stock valued at $3,666,000 after purchasing an additional 21,890 shares during the period. Hedge funds and other institutional investors own 66.39% of the company’s stock.
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Altisource Portfolio Solutions Company 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.
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