Altisource Portfolio Solutions SA (NASDAQ:ASPS) Stock Price Up as Sentiment Improves

June 14, 2018 - By Julie Dion

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

Sentiment for Altisource Portfolio Solutions SA (NASDAQ:ASPS)

Altisource Portfolio Solutions SA (NASDAQ:ASPS) institutional sentiment increased to 1.14 in Q1 2018. Its up 0.17, from 0.97 in 2017Q4. The ratio has improved, as 40 investment managers increased or opened new equity positions, while 35 sold and reduced equity positions in Altisource Portfolio Solutions SA. The investment managers in our partner’s database now have: 8.46 million shares, down from 9.47 million shares in 2017Q4. Also, the number of investment managers holding Altisource Portfolio Solutions SA in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 25 Increased: 23 New Position: 17.

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 $531.97 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 1.87 P/E ratio. This segment provides asset management, origination, insurance, property valuation, and default management services.

The stock decreased 0.90% or $0.28 during the last trading session, reaching $30.92. About 87,020 shares traded. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has risen 33.87% since June 14, 2017 and is uptrending. It has outperformed by 21.30% the S&P500.

Analysts await Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) to report earnings on August, 8. They expect $0.16 EPS, down 81.82 % or $0.72 from last year’s $0.88 per share. ASPS’s profit will be $2.75 million for 48.31 P/E if the $0.16 EPS becomes a reality. After $0.48 actual EPS reported by Altisource Portfolio Solutions S.A. for the previous quarter, Wall Street now forecasts -66.67 % negative EPS growth.

Omega Advisors Inc. holds 1.01% of its portfolio in Altisource Portfolio Solutions S.A. for 1.02 million shares. Sg Capital Management Llc owns 73,335 shares or 0.37% of their US portfolio. Moreover, Investment Management Of Virginia Llc has 0.2% invested in the company for 31,864 shares. The Massachusetts-based Putnam Investments Llc has invested 0.13% in the stock. Gargoyle Investment Advisor L.L.C., a New Jersey-based fund reported 9,592 shares.

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

More news for Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) were recently published by: Globenewswire.com, which released: “Detailed Research: Economic Perspectives on Bank of Nova Scotia, Eaton Corporation, Canadian National Railway …” on June 04, 2018. Nasdaq.com‘s article titled: “Trelix Now Provides End-to-End Mortgage Fulfillment with the Addition of its Closing Services Solution” and published on May 23, 2018 is yet another important article.

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