Price Action To Observe: What Next for Altisource Portfolio Solutions S.A. Stock After Today’s Big Increase?

Price Action To Observe: What Next for Altisource Portfolio Solutions S.A. Stock After Today's Big Increase?

The stock of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) is a huge mover today! About 235,602 shares traded hands. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has declined 0.50% since April 5, 2016 and is downtrending. It has underperformed by 2.45% the S&P500.
The move comes after 6 months positive chart setup for the $507.66M company. It was reported on Nov, 8 by Barchart.com. We have $39.12 PT which if reached, will make NASDAQ:ASPS worth $253.83 million more.

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

Out of 2 analysts covering Altisource Portfolio Solutions (NASDAQ:ASPS), 0 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 0 are positive. Altisource Portfolio Solutions has been the topic of 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Compass Point to “Neutral” on Monday, December 7. The rating was downgraded by Compass Point on Tuesday, November 1 to “Sell”. Piper Jaffray reinitiated the stock with “Neutral” rating in Friday, December 11 report. The firm has “Buy” rating by Compass Point given on Wednesday, August 10. The rating was maintained by Compass Point on Friday, July 24 with “Sell”. Piper Jaffray downgraded the shares of ASPS in a report on Monday, May 2 to “Underweight” rating.

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 turned negative, 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.
Nationwide Fund Advsr reported 7,716 shares or 0% of all its holdings. Moreover, Omega has 1.66% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 2.11M shares. Guggenheim Capital Ltd Liability Co holds 0% of its portfolio in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 18,886 shares. D E Shaw & Inc has 7,630 shares for 0% of their US portfolio. Wells Fargo & Company Mn has invested 0% of its portfolio in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). Moreover, Citigroup has 0% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 6,895 shares. Globeflex Capital Ltd Partnership holds 0.33% or 43,892 shares in its portfolio. Blackrock Management Ltd accumulated 0% or 46,380 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Blackrock Fund Advisors reported 303,336 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) owns 509 shares or 0% of their US portfolio. National Bank Of America De accumulated 11,966 shares or 0% of the stock. Moreover, Gargoyle Advisor Limited Company has 0.19% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 17,921 shares. Pnc Financial Grp Inc Inc reported 99 shares or 0% of all its holdings. Connor Clark And Lunn Mngmt Limited has 119,650 shares for 0.02% of their US portfolio.

Insider Transactions: Since July 26, 2016, the stock had 2 buys, and 6 insider sales for $19.04 million net activity. The insider ERBEY WILLIAM C sold $4.21M. COOPERMAN LEON G bought $3.43M worth of stock. The insider Omega Advisors Inc. bought 172,804 shares worth $4.13 million.

More recent Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) news were published by: Zacks.com which released: “What Makes Altisource Portfolio Solutions (ASPS) a Strong Sell?” on November 07, 2016. Also Marketwatch.com published the news titled: “Altisource Portfolio Solutions SA” on October 16, 2010. Fool.com‘s news article titled: “Why Shares of Altisource Portfolio Solutions SA Surged Today” with publication date: April 23, 2015 was also an interesting one.

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.

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