Altisource Portfolio (ASPS) Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Altisource Portfolio (NASDAQ:ASPS) by 40.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 305,000 shares of the business services provider’s stock after buying an additional 87,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Altisource Portfolio were worth $8,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ASPS. JPMorgan Chase & Co. purchased a new position in shares of Altisource Portfolio in the third quarter valued at $1,073,000. Schwab Charles Investment Management Inc. increased its position in shares of Altisource Portfolio by 18.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 141,675 shares of the business services provider’s stock valued at $3,666,000 after buying an additional 21,890 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Altisource Portfolio by 25.0% in the fourth quarter. California Public Employees Retirement System now owns 89,034 shares of the business services provider’s stock valued at $2,493,000 after buying an additional 17,798 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Altisource Portfolio in the third quarter valued at $240,000. Finally, Laurel Wealth Advisors Inc. increased its position in shares of Altisource Portfolio by 8.5% in the third quarter. Laurel Wealth Advisors Inc. now owns 63,986 shares of the business services provider’s stock valued at $1,654,000 after buying an additional 4,995 shares in the last quarter. 66.77% of the stock is owned by institutional investors.

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A number of research analysts have recently weighed in on the company. BidaskClub upgraded Altisource Portfolio from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded Altisource Portfolio from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Three research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.33.

In other news, major shareholder Deer Park Road Management Comp purchased 350,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was acquired at an average price of $27.93 per share, for a total transaction of $9,775,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders bought 651,359 shares of company stock valued at $17,179,079. Company insiders own 6.75% of the company’s stock.

Shares of ASPS stock opened at $25.82 on Monday. Altisource Portfolio has a fifty-two week low of $16.17 and a fifty-two week high of $46.99. The firm has a market capitalization of $449.26, a PE ratio of 9.09, a PEG ratio of 0.63 and a beta of 1.05. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.48 and a quick ratio of 2.48.

Altisource Portfolio (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Altisource Portfolio had a net margin of 33.47% and a return on equity of 39.07%. The firm had revenue of $216.07 million during the quarter, compared to analysts’ expectations of $197.50 million. During the same quarter in the prior year, the business earned $0.55 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. sell-side analysts anticipate that Altisource Portfolio will post 2.07 earnings per share for the current fiscal year.

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Altisource Portfolio Company 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.

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

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