Putnam Investments LLC Sells 100,000 Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

Putnam Investments LLC trimmed its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,989,907 shares of the business services provider’s stock after selling 100,000 shares during the quarter. Putnam Investments LLC owned about 11.70% of Altisource Portfolio Solutions worth $58,046,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ASPS. A.R.T. Advisors LLC acquired a new position in shares of Altisource Portfolio Solutions during the 1st quarter worth about $230,000. Russell Investments Group Ltd. acquired a new position in shares of Altisource Portfolio Solutions in the 2nd quarter valued at approximately $233,000. Millennium Management LLC acquired a new position in shares of Altisource Portfolio Solutions in the 4th quarter valued at approximately $298,000. Element Capital Management LLC acquired a new position in shares of Altisource Portfolio Solutions in the 1st quarter valued at approximately $472,000. Finally, Athanor Capital LP acquired a new position in shares of Altisource Portfolio Solutions in the 1st quarter valued at approximately $754,000. 71.17% of the stock is owned by institutional investors and hedge funds.

ASPS opened at $32.02 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.13. Altisource Portfolio Solutions S.A. has a 52-week low of $23.18 and a 52-week high of $37.86. The firm has a market cap of $549.23 million, a PE ratio of 11.44 and a beta of 0.95.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, July 26th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). Altisource Portfolio Solutions had a return on equity of 12.90% and a net margin of 34.66%. The business had revenue of $218.56 million for the quarter, compared to the consensus estimate of $225.00 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. Altisource Portfolio Solutions’s quarterly revenue was down 12.8% compared to the same quarter last year. Equities analysts forecast that Altisource Portfolio Solutions S.A. will post 0.21 earnings per share for the current year.

ASPS has been the topic of several research reports. TheStreet upgraded Altisource Portfolio Solutions from a “c” rating to a “b-” rating in a research note on Friday, August 17th. BidaskClub lowered Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research raised Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, ValuEngine lowered Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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. 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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