Altisource Portfolio Solutions (NASDAQ:ASPS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research firms also recently weighed in on ASPS. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. ValuEngine downgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, TheStreet raised shares of Altisource Portfolio Solutions from a “c” rating to a “b-” rating in a research note on Friday, August 17th.

NASDAQ:ASPS opened at $23.95 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $387.56 million, a PE ratio of 8.55 and a beta of 1.07. Altisource Portfolio Solutions has a twelve month low of $21.05 and a twelve month high of $37.86.

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

Several large investors have recently bought and sold shares of ASPS. Vanguard Group Inc. lifted its stake in shares of Altisource Portfolio Solutions by 6.5% in the third quarter. Vanguard Group Inc. now owns 1,541,226 shares of the business services provider’s stock worth $49,674,000 after buying an additional 94,489 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Altisource Portfolio Solutions by 18.3% in the second quarter. Renaissance Technologies LLC now owns 560,500 shares of the business services provider’s stock worth $16,350,000 after buying an additional 86,600 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of 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 worth $1,690,000 after buying an additional 44,415 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Altisource Portfolio Solutions in the third quarter worth about $1,070,000. Finally, CQS Cayman LP lifted its stake in shares of Altisource Portfolio Solutions by 46.3% in the second quarter. CQS Cayman LP now owns 95,090 shares of the business services provider’s stock worth $2,773,000 after buying an additional 30,090 shares in the last quarter. 71.60% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Momentum Indicator: Relative Strength Index

Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.