Altisource Portfolio Solutions (NASDAQ:ASPS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Altisource Portfolio Solutions (NASDAQ:ASPS) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Altisource Portfolio Solutions in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Altisource Portfolio Solutions currently has an average rating of “Sell”.

Altisource Portfolio Solutions Trading Down 10.4%

Shares of NASDAQ ASPS opened at $10.36 on Friday. The firm has a market cap of $113.86 million, a PE ratio of -5.34 and a beta of 0.37. Altisource Portfolio Solutions has a 1-year low of $3.46 and a 1-year high of $15.96. The company has a fifty day moving average price of $11.67 and a 200 day moving average price of $9.90.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its position in Altisource Portfolio Solutions by 306.4% during the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider’s stock worth $55,000 after buying an additional 60,933 shares in the last quarter. Nantahala Capital Management LLC raised its holdings in shares of Altisource Portfolio Solutions by 16.4% in the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider’s stock valued at $1,687,000 after purchasing an additional 349,028 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Altisource Portfolio Solutions in the 1st quarter valued at about $13,442,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Altisource Portfolio Solutions in the 1st quarter valued at about $214,000. 41.36% of the stock is owned by 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 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.