Altisource Portfolio Solutions SA Stock as Institutional Investors Exit

May 21, 2018 - By Louis Casey

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Logo

Sentiment for Altisource Portfolio Solutions SA (NASDAQ:ASPS)

Altisource Portfolio Solutions SA (NASDAQ:ASPS) institutional sentiment decreased to 0.97 in 2017 Q4. Its down -0.15, from 1.12 in 2017Q3. The ratio dropped, as 36 hedge funds increased and opened new holdings, while 37 sold and decreased their equity positions in Altisource Portfolio Solutions SA. The hedge funds in our partner’s database now possess: 9.47 million shares, up from 9.44 million shares in 2017Q3. Also, the number of hedge funds holding Altisource Portfolio Solutions SA in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 26 Increased: 20 New Position: 16.

Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions well-known provider for the real estate, mortgage, and consumer debt industries in the United States. The company has market cap of $505.13 million. The companyÂ’s Mortgage Services segment offers services that span the mortgage and real estate lifecycle to loan servicers, originators, rental property investors, and real estate consumers. It has a 1.78 P/E ratio. This segment provides asset management, origination, insurance, property valuation, and default management services.

The stock increased 0.24% or $0.07 during the last trading session, reaching $29.36. About 15,190 shares traded. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has declined 23.89% since May 21, 2017 and is downtrending. It has underperformed by 35.44% the S&P500.

Analysts await Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) to report earnings on August, 8. They expect $0.49 earnings per share, down 44.32 % or $0.39 from last year’s $0.88 per share. ASPS’s profit will be $8.43M for 14.98 P/E if the $0.49 EPS becomes a reality. After $0.48 actual earnings per share reported by Altisource Portfolio Solutions S.A. for the previous quarter, Wall Street now forecasts 2.08 % EPS growth.

Omega Advisors Inc. holds 1.29% of its portfolio in Altisource Portfolio Solutions S.A. for 1.23 million shares. Glg Partners Lp owns 288,483 shares or 0.38% of their US portfolio. Moreover, Investment Management Of Virginia Llc has 0.21% invested in the company for 31,864 shares. The Massachusetts-based Putnam Investments Llc has invested 0.18% in the stock. C M Bidwell & Associates Ltd, a Hawaii-based fund reported 7,225 shares.

Since January 1, 0001, it had 5 insider purchases, and 0 selling transactions for $25.67 million activity.

More important recent Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) news were published by: Streetinsider.com which released: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018, also Nasdaq.com published article titled: “Owners.com Survey Reveals Home Buyers Seek More Tech-Based Tools from Real Estate Agents”, Nasdaq.com published: “Altisource Announces First Quarter Financial Results” on April 26, 2018. More interesting news about Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was released by: Seekingalpha.com and their article: “Altisource Portfolio Solutions’ (ASPS) CEO William Shepro on Q1 2018 Results – Earnings Call Transcript” with publication date: April 29, 2018.

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