Trade Report: The Altisource Portfolio Solutions SA (ASPS) Issues Quarterly Earnings Results

The Altisource Portfolio Solutions SA (ASPS) Issues Quarterly  Earnings Results

Altisource Portfolio Solutions SA (NASDAQ:ASPS) released its quarterly earnings data on Thursday. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by $0.54. The firm had revenue of $252.75 million for the quarter, compared to analysts’ expectations of $235.67 million. Altisource Portfolio Solutions SA had a return on equity of 190.64% and a net margin of 0.39%. Altisource Portfolio Solutions SA’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share.

Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) opened at 26.33 on Monday. The stock has a market capitalization of $497.03 million, a PE ratio of 127.20 and a beta of 1.01. Altisource Portfolio Solutions SA has a 12 month low of $17.33 and a 12 month high of $36.73. The company has a 50-day moving average of $31.26 and a 200-day moving average of $29.02.

In other news, major shareholder William C. Erbey sold 150,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $25.26, for a total value of $3,789,000.00. Following the completion of the sale, the insider now owns 287,472 shares of the company’s stock, valued at $7,261,542.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William C. Erbey sold 136,763 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $29.13, for a total transaction of $3,983,906.19. Following the completion of the sale, the insider now directly owns 709 shares of the company’s stock, valued at approximately $20,653.17. The disclosure for this sale can be found here. Company insiders own 6.03% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ASPS. Quantbot Technologies LP acquired a new stake in Altisource Portfolio Solutions SA during the second quarter valued at about $103,000. Royal Bank of Canada raised its stake in Altisource Portfolio Solutions SA by 10,537.8% in the first quarter. Royal Bank of Canada now owns 4,787 shares of the company’s stock valued at $115,000 after buying an additional 4,742 shares during the last quarter. BlackRock Advisors LLC raised its stake in Altisource Portfolio Solutions SA by 2.8% in the second quarter. BlackRock Advisors LLC now owns 6,105 shares of the company’s stock valued at $170,000 after buying an additional 168 shares during the last quarter. BlackRock Inc. raised its stake in Altisource Portfolio Solutions SA by 386.9% in the second quarter. BlackRock Inc. now owns 6,223 shares of the company’s stock valued at $173,000 after buying an additional 4,945 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Altisource Portfolio Solutions SA during the third quarter valued at about $217,000. 72.07% of the stock is owned by institutional investors.

Separately, Compass Point raised shares of Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $31.00 in a research report on Wednesday, August 10th.

Altisource Portfolio Solutions SA Company Profile

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