What Will Happen to Altisource Portfolio Solutions S.A. Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Altisource Portfolio Solutions S.A. Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Altisource Portfolio Solutions S.A. (ASPS) recorded an unusually high (50) 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 50 contracts traded and 32584 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: ASPS170421P00030000 closed last at: $4.7 or 0% . About 30,675 shares traded hands. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has declined 5.83% since April 26, 2016 and is downtrending. It has underperformed by 11.09% the S&P500.

Analysts await Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) to report earnings on March, 9. They expect $0.83 earnings per share, down 55.38% or $1.03 from last year’s $1.86 per share. ASPS’s profit will be $15.17M for 8.23 P/E if the $0.83 EPS becomes a reality. After $0.90 actual earnings per share reported by Altisource Portfolio Solutions S.A. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

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. As per Friday, December 11, the company rating was reinitiated by Piper Jaffray. The stock of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) earned “Sell” rating by Compass Point on Tuesday, November 1. The firm has “Buy” rating given on Wednesday, August 10 by Compass Point. On Friday, July 24 the stock rating was maintained by Compass Point with “Sell”. The company was upgraded on Monday, December 7 by Compass Point. Piper Jaffray downgraded Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) 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 increased to 1 in 2016 Q2. Its up 0.31, from 0.69 in 2016Q1. The ratio increased, 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.
State Board Of Administration Of Florida Retirement Systems owns 51,193 shares or 0% of their US portfolio. Deere & Co has 0.07% invested in the company for 43,605 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Airain holds 27,676 shares or 0.04% of its portfolio. Geode Capital Management Limited Liability Corporation last reported 204,879 shares in the company. Massachusetts Fin Svcs Com Ma reported 24,129 shares or 0% of all its holdings. Us Bancshares De has 0% invested in the company for 115 shares. Qs Lc, a New York-based fund reported 489,874 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Moreover, Vanguard Grp has 0% invested in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) for 831,806 shares. Acadian Asset Mngmt Ltd Limited Liability Company last reported 27 shares in the company. Royal Bank Of Canada last reported 413 shares in the company. Blackrock Fund Advsrs accumulated 0% or 303,336 shares. Aqr Cap Management Ltd Liability Company accumulated 0% or 8,088 shares. Nomura last reported 0% of its portfolio in the stock.

Insider Transactions: Since July 26, 2016, the stock had 3 insider purchases, and 7 selling transactions for $19.01 million net activity. The insider COOPERMAN LEON G sold $6.81M. Shepro William B had bought 6,130 shares worth $149,786. 4,809 shares were sold by LINN W MICHAEL, worth $123,357 on Thursday, November 10. Another trade for 172,804 shares valued at $4.13 million was bought by Omega Advisors Inc.. The insider ERBEY WILLIAM C sold 136,763 shares worth $3.98 million.

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 $499.47 million. The Firm operates through three divisions: Mortgage Services, Financial Services and Technology Services. It has a 203.73 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 recent Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) news were published by: Finance.Yahoo.com which released: “Altisource Portfolio Solutions Sa (ASPS) CEO William B Shepro Bought $149756 …” on November 08, 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.

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