Altisource Portfolio Solutions (ASPS) Reaches New 52-Week Low at $22.96

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) shares reached a new 52-week low on Thursday . The company traded as low as $22.96 and last traded at $22.90, with a volume of 4147 shares trading hands. The stock had previously closed at $24.09.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Altisource Portfolio Solutions from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Thursday, November 1st. BidaskClub downgraded Altisource Portfolio Solutions from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Finally, ValuEngine downgraded Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th.

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $409.31 million, a price-to-earnings ratio of 7.98 and a beta of 1.09.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Altisource Portfolio Solutions by 0.9% in the third quarter. BlackRock Inc. now owns 804,357 shares of the business services provider’s stock valued at $25,924,000 after purchasing an additional 7,447 shares in the last quarter. Hartford Investment Management Co. bought a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $207,000. O Shaughnessy Asset Management LLC grew its stake in Altisource Portfolio Solutions by 48.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 74,107 shares of the business services provider’s stock valued at $2,388,000 after purchasing an additional 24,161 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Altisource Portfolio Solutions by 555.2% in the third quarter. Russell Investments Group Ltd. now owns 52,415 shares of the business services provider’s stock valued at $1,690,000 after purchasing an additional 44,415 shares in the last quarter. Finally, Manning & Napier Group LLC bought a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $446,000. Hedge funds and other institutional investors own 71.63% of the company’s stock.

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Altisource Portfolio Solutions Company Profile (NASDAQ:ASPS)

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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