Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) traded down 26.2% on Thursday following a dissappointing earnings announcement. The company traded as low as $22.53 and last traded at $22.73, with a volume of 2,802,294 shares traded. The stock had previously closed at $30.79.

The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.42. The business had revenue of $227.20 million for the quarter, compared to analyst estimates of $212.67 million. Altisource Portfolio Solutions had a return on equity of 177.60% and a net margin of 0.39%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS.

Several analysts recently commented on the company. Zacks Investment Research raised Altisource Portfolio Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 27th. Compass Point downgraded Altisource Portfolio Solutions from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 1st.

A number of hedge funds have recently modified their holdings of the company. Horizon Kinetics LLC increased its stake in shares of Altisource Portfolio Solutions by 21.5% in the fourth quarter. Horizon Kinetics LLC now owns 16,059 shares of the company’s stock valued at $427,000 after buying an additional 2,843 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Altisource Portfolio Solutions by 3.6% in the fourth quarter. GSA Capital Partners LLP now owns 184,594 shares of the company’s stock valued at $4,908,000 after buying an additional 6,332 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Altisource Portfolio Solutions by 86.5% in the fourth quarter. Renaissance Technologies LLC now owns 107,800 shares of the company’s stock valued at $2,866,000 after buying an additional 50,000 shares during the last quarter. Trexquant Investment LP increased its stake in shares of Altisource Portfolio Solutions by 177.7% in the fourth quarter. Trexquant Investment LP now owns 23,781 shares of the company’s stock valued at $632,000 after buying an additional 15,217 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Altisource Portfolio Solutions by 8.6% in the fourth quarter. Federated Investors Inc. PA now owns 36,408 shares of the company’s stock valued at $968,000 after buying an additional 2,883 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

The firm has a market cap of $429.07 million, a price-to-earnings ratio of 109.81 and a beta of 1.12. The company has a 50 day moving average of $27.65 and a 200 day moving average of $28.79.

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About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.

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