Could Altisource Portfolio Solutions S.A. Rise More? The Stock Had Bearish Options Activity

 Could Altisource Portfolio Solutions S.A. Rise More? The Stock Had Bearish Options Activity

In today’s session Altisource Portfolio Solutions S.A. (ASPS) recorded an unusually high (658) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious ASPS decrease. With 658 contracts traded and 22584 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: ASPS170421P00030000 closed last at: $4.3 or 10.4% down. About 168,982 shares traded hands. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has risen 24.88% since March 14, 2016 and is uptrending. It has outperformed by 19.27% the S&P500.

Analysts await Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) to report earnings on October, 27. They expect $1.46 EPS, down 35.68% or $0.81 from last year’s $2.27 per share. ASPS’s profit will be $26.82M for 5.10 P/E if the $1.46 EPS becomes a reality. After $1.58 actual EPS reported by Altisource Portfolio Solutions S.A. for the previous quarter, Wall Street now forecasts -7.59% negative EPS growth.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Ratings Coverage

Out of 2 analysts covering Altisource Portfolio Solutions (NASDAQ:ASPS), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Altisource Portfolio Solutions has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Compass Point maintained the shares of ASPS in a report on Friday, July 24 with “Sell” rating. Piper Jaffray downgraded the stock to “Underweight” rating in Monday, May 2 report. The stock has “Neutral” rating given by Compass Point on Monday, December 7. Piper Jaffray reinitiated the stock with “Neutral” rating in Friday, December 11 report. On Wednesday, August 10 the stock rating was upgraded by Compass Point to “Buy”.

According to Zacks Investment Research, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry.”

Insitutional Activity: The institutional sentiment decreased to 0.69 in Q2 2016. Its down 0.67, from 1.36 in 2016Q1. The ratio dived, as 10 funds sold all Altisource Portfolio Solutions S.A. shares owned while 48 reduced positions. 12 funds bought stakes while 28 increased positions. They now own 12.83 million shares or 2.77% more from 12.48 million shares in 2016Q1.
American Gp has 0% invested in the company for 6,650 shares. Ellington Mngmt Group Llc last reported 0.51% of its portfolio in the stock. Omega Advisors owns 2.11 million shares or 1.66% of their US portfolio. California Public Employees Retirement System has 66,900 shares for 0% of their US portfolio. Blackrock Gp reported 19,749 shares or 0% of all its holdings. Gsa Cap Partners Llp owns 115,997 shares or 0.18% of their US portfolio. Cqs Cayman L P owns 350,000 shares or 0.86% of their US portfolio. Lucus Ltd Company last reported 12,972 shares in the company. Teachers Advsrs Inc owns 254,475 shares or 0.01% of their US portfolio. The New York-based Tower Research Cap Ltd Liability (Trc) has invested 0% in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). Citigroup owns 6,895 shares or 0% of their US portfolio. Wells Fargo And Mn accumulated 0% or 4,587 shares. Pacad Ltd has 0.04% invested in the company for 10,301 shares. Moreover, Jpmorgan Chase Co has 0% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 39 shares. Nationwide Fund Advisors accumulated 0% or 7,716 shares.

Insider Transactions: Since May 2, 2016, the stock had 4 insider purchases, and 5 selling transactions for $12.13 million net activity. COOPERMAN LEON G bought $3.43 million worth of stock. On Wednesday, August 10 ERBEY WILLIAM C sold $3.98M worth of the stock or 136,763 shares. On Wednesday, July 27 the insider Omega Advisors Inc. bought $4.13M. Shares for $49,920 were bought by WILCOX KEVIN JAMES. The insider Shepro William B bought 1,700 shares worth $49,762.

Altisource Portfolio Solutions S.A. is a marketplace and transaction solutions well-known provider for the real estate, mortgage and consumer debt industries. The company has a market cap of $547.35 million. The Firm operates through three divisions: Mortgage Services, Financial Services and Technology Services. It has a 21.16 P/E ratio. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.

ASPS Company Profile

Altisource Portfolio Solutions S.A., incorporated on November 22, 1999, is a marketplace and transaction solutions well-known provider for the real estate, mortgage and consumer debt industries. The Firm operates through three divisions: Mortgage Services, Financial Services and Technology Services.

More notable recent Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) news were published by: Marketwatch.com which released: “Altisource Portfolio Solutions SA” on October 16, 2010, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 12, 2011, Globenewswire.com published: “Altisource Portfolio Solutions Comments on Agreement With Altisource …” on September 30, 2016. More interesting news about Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) were released by: Fool.com and their article: “Why Shares of Altisource Portfolio Solutions SA Surged Today” published on April 23, 2015 as well as Seekingalpha.com‘s news article titled: “Altisource Portfolio Solutions SA’s (ASPS) CEO William Shepro on Q4 2015 …” with publication date: March 10, 2016.

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