Putnam Investments LLC Has $63.93 Million Stake in Altisource Portfolio Solutions S.A. (ASPS)

Putnam Investments LLC trimmed its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,983,507 shares of the business services provider’s stock after selling 6,400 shares during the quarter. Putnam Investments LLC owned approximately 11.67% of Altisource Portfolio Solutions worth $63,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Altisource Portfolio Solutions by 0.9% during the third quarter. BlackRock Inc. now owns 804,357 shares of the business services provider’s stock worth $25,924,000 after acquiring an additional 7,447 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Altisource Portfolio Solutions by 18.3% during the second quarter. Renaissance Technologies LLC now owns 560,500 shares of the business services provider’s stock worth $16,350,000 after acquiring an additional 86,600 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Altisource Portfolio Solutions by 5.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 161,522 shares of the business services provider’s stock worth $4,712,000 after acquiring an additional 8,591 shares during the last quarter. CQS Cayman LP raised its position in shares of Altisource Portfolio Solutions by 46.3% during the second quarter. CQS Cayman LP now owns 95,090 shares of the business services provider’s stock worth $2,773,000 after acquiring an additional 30,090 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Altisource Portfolio Solutions by 48.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 74,107 shares of the business services provider’s stock worth $2,388,000 after acquiring an additional 24,161 shares during the last quarter. Institutional investors own 71.60% of the company’s stock.

A number of brokerages have recently issued reports on ASPS. BidaskClub upgraded Altisource Portfolio Solutions from a “strong sell” rating to a “sell” rating in a report on Saturday, December 8th. TheStreet downgraded Altisource Portfolio Solutions from a “b-” rating to a “c+” rating in a report on Monday, November 12th. Zacks Investment Research upgraded Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, ValuEngine downgraded Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Thursday, September 27th.

Shares of ASPS stock opened at $21.46 on Friday. The company has a market capitalization of $364.63 million, a price-to-earnings ratio of 13.41 and a beta of 1.07. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.07. Altisource Portfolio Solutions S.A. has a fifty-two week low of $21.05 and a fifty-two week high of $37.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, October 25th. The business services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.36. The business had revenue of $204.58 million during the quarter, compared to the consensus estimate of $207.00 million. Altisource Portfolio Solutions had a return on equity of 8.85% and a net margin of 35.70%. On average, research analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.62 earnings per share for the current year.

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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. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.

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

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