Altisource Portfolio Solutions (NASDAQ:ASPS) Downgraded by TheStreet

Altisource Portfolio Solutions (NASDAQ:ASPS) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Monday, November 12th.

A number of other research analysts also recently issued reports on the company. BidaskClub downgraded Altisource Portfolio Solutions from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 17th. Zacks Investment Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Monday, September 10th. Finally, ValuEngine downgraded Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th.

Shares of NASDAQ:ASPS traded up $0.56 on Monday, reaching $23.37. The company had a trading volume of 112,300 shares, compared to its average volume of 123,988. Altisource Portfolio Solutions has a 52-week low of $21.05 and a 52-week high of $37.86. The company has a market capitalization of $387.56 million, a PE ratio of 8.35 and a beta of 1.07. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.07.



Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.36. Altisource Portfolio Solutions had a return on equity of 8.85% and a net margin of 35.70%. The business had revenue of $204.58 million for the quarter, compared to the consensus estimate of $207.00 million. Research analysts predict that Altisource Portfolio Solutions will post 0.62 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. One Wealth Advisors LLC purchased a new position in Altisource Portfolio Solutions during the 3rd quarter worth $116,000. Hartford Investment Management Co. acquired a new stake in Altisource Portfolio Solutions during the 3rd quarter worth about $207,000. Russell Investments Group Ltd. acquired a new stake in Altisource Portfolio Solutions during the 2nd quarter worth about $233,000. Schroder Investment Management Group acquired a new stake in Altisource Portfolio Solutions during the 3rd quarter worth about $319,000. Finally, Manning & Napier Group LLC acquired a new stake in Altisource Portfolio Solutions during the 3rd quarter worth about $446,000. Hedge funds and other institutional investors own 71.60% of the company’s stock.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.

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