The Manufacturers Life Insurance Company lifted its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,924 shares of the business services provider’s stock after purchasing an additional 358 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Altisource Portfolio Solutions were worth $195,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in shares of Altisource Portfolio Solutions by 4.2% during the second quarter. State Street Corp now owns 236,263 shares of the business services provider’s stock worth $5,158,000 after purchasing an additional 9,564 shares during the last quarter. AHL Partners LLP lifted its holdings in Altisource Portfolio Solutions by 190.5% in the second quarter. AHL Partners LLP now owns 41,803 shares of the business services provider’s stock worth $912,000 after acquiring an additional 27,414 shares during the last quarter. GLG Partners LP bought a new position in Altisource Portfolio Solutions in the second quarter worth about $3,585,000. People s United Financial Inc. lifted its holdings in Altisource Portfolio Solutions by 186.1% in the second quarter. People s United Financial Inc. now owns 80,210 shares of the business services provider’s stock worth $1,750,000 after acquiring an additional 52,176 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Altisource Portfolio Solutions by 185.7% in the second quarter. Balyasny Asset Management LLC now owns 100,000 shares of the business services provider’s stock worth $2,182,000 after acquiring an additional 65,000 shares during the last quarter. 53.55% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Deer Park Road Management Comp purchased 40,741 shares of the company’s stock in a transaction on Friday, October 27th. The shares were bought at an average price of $24.58 per share, for a total transaction of $1,001,413.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Indroneel Chatterjee purchased 1,200 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $26.32 per share, for a total transaction of $31,584.00. The disclosure for this purchase can be found here. Insiders acquired 84,683 shares of company stock worth $2,117,219 in the last 90 days. 6.75% of the stock is owned by company insiders.

A number of equities analysts have issued reports on the stock. TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. BidaskClub cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Northland Securities reissued a “hold” rating and issued a $26.00 target price on shares of Altisource Portfolio Solutions in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.33.

Altisource Portfolio Solutions S.A. (ASPS) opened at $26.45 on Tuesday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 6.46. Altisource Portfolio Solutions S.A. has a twelve month low of $16.17 and a twelve month high of $46.99. The stock has a market cap of $465.70, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.48 and a beta of 1.01.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The firm had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $215.40 million. During the same quarter last year, the company posted $0.54 earnings per share. Altisource Portfolio Solutions’s revenue was down 7.0% on a year-over-year basis. equities analysts expect that Altisource Portfolio Solutions S.A. will post 2.72 EPS for the current fiscal year.

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Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

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

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