Renaissance Technologies LLC increased its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 560,500 shares of the business services provider’s stock after acquiring an additional 86,600 shares during the period. Renaissance Technologies LLC’s holdings in Altisource Portfolio Solutions were worth $16,350,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Altisource Portfolio Solutions by 2.0% in the second quarter. BlackRock Inc. now owns 796,910 shares of the business services provider’s stock valued at $23,246,000 after buying an additional 15,707 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Altisource Portfolio Solutions by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 161,522 shares of the business services provider’s stock valued at $4,712,000 after buying an additional 8,591 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Altisource Portfolio Solutions in the second quarter valued at $233,000. Laurel Wealth Advisors Inc. lifted its stake in shares of Altisource Portfolio Solutions by 33.2% in the first quarter. Laurel Wealth Advisors Inc. now owns 65,595 shares of the business services provider’s stock valued at $1,742,000 after buying an additional 16,340 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Altisource Portfolio Solutions by 302.8% in the first quarter. Millennium Management LLC now owns 42,834 shares of the business services provider’s stock valued at $1,138,000 after buying an additional 32,200 shares in the last quarter. Institutional investors and hedge funds own 71.17% of the company’s stock.

ASPS has been the subject of several analyst reports. ValuEngine downgraded shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. BidaskClub upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 6th. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, TheStreet upgraded shares of Altisource Portfolio Solutions from a “c” rating to a “b-” rating in a report on Friday, August 17th. Four equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of ASPS stock opened at $32.33 on Friday. The stock has a market capitalization of $560.30 million, a PE ratio of 17.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.82 and a quick ratio of 1.82. Altisource Portfolio Solutions S.A. has a one year low of $23.18 and a one year high of $37.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its earnings results on Thursday, July 26th. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). The firm had revenue of $218.56 million during the quarter, compared to analysts’ expectations of $225.00 million. Altisource Portfolio Solutions had a net margin of 34.66% and a return on equity of 12.90%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. equities research analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.21 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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