Altisource Portfolio Solutions S.A. $ASPS Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 87.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 469,880 shares of the business services provider’s stock after selling 3,289,164 shares during the quarter. First Eagle Investment Management LLC’s holdings in Altisource Portfolio Solutions were worth $4,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ASPS. XTX Topco Ltd increased its holdings in shares of Altisource Portfolio Solutions by 306.4% in the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 60,933 shares during the period. Jefferies Financial Group Inc. purchased a new position in Altisource Portfolio Solutions during the 1st quarter worth $214,000. Nantahala Capital Management LLC grew its position in Altisource Portfolio Solutions by 16.4% during the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider’s stock worth $1,687,000 after purchasing an additional 349,028 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Altisource Portfolio Solutions in the first quarter valued at $13,442,000. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ASPS has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Altisource Portfolio Solutions in a research note on Wednesday, October 8th. Wall Street Zen cut Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Altisource Portfolio Solutions presently has a consensus rating of “Sell”.

Altisource Portfolio Solutions Trading Up 3.7%

Shares of ASPS opened at $9.84 on Friday. The stock’s 50 day moving average is $11.27 and its two-hundred day moving average is $10.08. Altisource Portfolio Solutions S.A. has a twelve month low of $3.46 and a twelve month high of $15.96. The firm has a market capitalization of $108.14 million, a PE ratio of -5.07 and a beta of 0.33.

Altisource Portfolio Solutions Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.