Today’s Stock On Watch: Is Altisource Portfolio Solutions S.A.’s Fuel For Real? The Stock Just Increased Again

Today's Stock On Watch: Is Altisource Portfolio Solutions S.A.'s Fuel For Real? The Stock Just Increased Again

The stock of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) is a huge mover today! About 114,632 shares traded hands. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has declined 5.35% since April 18, 2016 and is downtrending. It has underperformed by 9.78% the S&P500.
The move comes after 6 months positive chart setup for the $516.22 million company. It was reported on Nov, 18 by Barchart.com. We have $43.17 PT which if reached, will make NASDAQ:ASPS worth $304.57 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. Compass Point upgraded Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) on Wednesday, August 10 to “Buy” rating. The stock has “Neutral” rating given by Compass Point on Monday, December 7. The firm has “Neutral” rating given on Friday, December 11 by Piper Jaffray. Compass Point downgraded the shares of ASPS in a report on Tuesday, November 1 to “Sell” rating. The stock of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) earned “Underweight” rating by Piper Jaffray on Monday, May 2. The company was maintained on Friday, July 24 by Compass Point.

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 increased to 1 in Q2 2016. Its up 0.31, from 0.69 in 2016Q1. The ratio improved, 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.
Moreover, Deere has 0.07% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 43,605 shares. Moreover, Wellington Mngmt Group Llp has 0% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 87,217 shares. Global X Management Llc, a New York-based fund reported 951 shares. Quantbot Technology Lp holds 3,708 shares or 0.01% of its portfolio. Engineers Gate Manager L P has 0.11% invested in the company for 54,651 shares. Brown Brothers Harriman And last reported 0% of its portfolio in the stock. Northern Trust Corp has 141,441 shares for 0% of their US portfolio. Piedmont Limited Liability Company reported 16 shares or 0% of all its holdings. Blackrock Ltd Liability Corp holds 0% of its portfolio in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 6,105 shares. Pnc Gru owns 99 shares or 0% of their US portfolio. National Bank & Trust Of New York Mellon holds 0% of its portfolio in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 93,722 shares. Wells Fargo And Mn holds 0% of its portfolio in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 4,587 shares. Nationwide Fund Advisors holds 7,716 shares or 0% of its portfolio. Nomura accumulated 0% or 3,357 shares. Strategic Inv Mgmt Ltd Liability Co owns 17,062 shares or 0.25% of their US portfolio.

Insider Transactions: Since July 26, 2016, the stock had 3 insider purchases, and 7 insider sales for $19.01 million net activity. The insider Shepro William B bought $149,786. ERBEY WILLIAM C also sold $6.45M worth of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) on Thursday, July 28. $6.81M worth of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) shares were sold by COOPERMAN LEON G. 172,804 Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) shares with value of $4.13 million were bought by Omega Advisors Inc.. LINN W MICHAEL sold $123,357 worth of stock or 4,809 shares.

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, Fool.com published: “Why Shares of Altisource Portfolio Solutions SA Surged Today” on April 23, 2015. More interesting news about Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) were released by: Seekingalpha.com and their article: “Altisource Portfolio Solutions SA’s (ASPS) CEO William Shepro on Q1 2016 …” published on May 01, 2016 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.

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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