41,317 Shares in Altisource Portfolio Solutions S.A. (ASPS) Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. bought a new position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 41,317 shares of the business services provider’s stock, valued at approximately $1,073,000.

A number of other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Altisource Portfolio Solutions by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after acquiring an additional 358 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Altisource Portfolio Solutions during the 3rd quarter worth $240,000. Wells Fargo & Company MN boosted its stake in shares of Altisource Portfolio Solutions by 0.4% during the 2nd quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after acquiring an additional 39 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Altisource Portfolio Solutions during the 3rd quarter worth $617,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Altisource Portfolio Solutions by 154.4% during the 2nd quarter. Alliancebernstein L.P. now owns 26,360 shares of the business services provider’s stock worth $575,000 after acquiring an additional 16,000 shares during the last quarter. Institutional investors own 53.55% of the company’s stock.

Several brokerages have recently weighed in on ASPS. BidaskClub cut shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Northland Securities reiterated a “hold” rating and set a $26.00 price target on shares of Altisource Portfolio Solutions in a research note on Sunday, October 29th. Finally, Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.33.

In other news, major shareholder Deer Park Road Management Comp acquired 40,741 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of $24.58 per share, for a total transaction of $1,001,413.78. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Indroneel Chatterjee acquired 1,200 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were 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 have bought a total of 434,683 shares of company stock worth $11,892,719 over the last 90 days. Insiders own 6.75% of the company’s stock.

Altisource Portfolio Solutions S.A. (NASDAQ ASPS) opened at $29.29 on Friday. The firm has a market cap of $505.09, a price-to-earnings ratio of 9.90, a PEG ratio of 0.67 and a beta of 0.99. Altisource Portfolio Solutions S.A. has a one year low of $16.17 and a one year high of $46.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57.

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

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Altisource Portfolio Solutions 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.

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

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