Altisource Portfolio Solutions (ASPS) to Release Earnings on Thursday

Altisource Portfolio Solutions (NASDAQ:ASPS) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its earnings results on Thursday, March 7th. The business services provider reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The firm had revenue of $32.21 million during the quarter, compared to the consensus estimate of $34.36 million.

Altisource Portfolio Solutions Trading Up 2.7 %

Altisource Portfolio Solutions stock opened at $1.54 on Friday. The company has a market capitalization of $40.92 million, a price-to-earnings ratio of -0.60 and a beta of 1.04. The stock’s 50 day moving average is $2.36 and its 200-day moving average is $3.20. Altisource Portfolio Solutions has a 12 month low of $1.38 and a 12 month high of $6.79.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in shares of Altisource Portfolio Solutions by 1,199.4% in the third quarter. UBS Group AG now owns 2,053 shares of the business services provider’s stock valued at $27,000 after buying an additional 1,895 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Altisource Portfolio Solutions in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC boosted its stake in shares of Altisource Portfolio Solutions by 139.2% in the first quarter. Tower Research Capital LLC TRC now owns 8,192 shares of the business services provider’s stock valued at $38,000 after buying an additional 4,767 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of Altisource Portfolio Solutions in the first quarter valued at approximately $46,000. Finally, GSA Capital Partners LLP bought a new stake in Altisource Portfolio Solutions during the third quarter worth $53,000. 41.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th.

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 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.