Stock Traders Purchase High Volume of Altisource Portfolio Solutions Call Options (ASPS)

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw some unusual options trading on Thursday. Investors bought 2,603 call options on the stock. This represents an increase of approximately 3,036% compared to the typical daily volume of 83 call options.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of Altisource Portfolio Solutions in the fourth quarter worth $140,000. A.R.T. Advisors LLC acquired a new stake in shares of Altisource Portfolio Solutions in the first quarter worth $230,000. Russell Investments Group Ltd. acquired a new stake in shares of Altisource Portfolio Solutions in the second quarter worth $233,000. Millennium Management LLC acquired a new stake in shares of Altisource Portfolio Solutions in the fourth quarter worth $298,000. Finally, Element Capital Management LLC acquired a new stake in shares of Altisource Portfolio Solutions in the first quarter worth $472,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Shares of Altisource Portfolio Solutions stock opened at $35.34 on Friday. The firm has a market capitalization of $605.94 million, a PE ratio of 12.62 and a beta of 0.84. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.82 and a current ratio of 1.82. Altisource Portfolio Solutions has a 1 year low of $19.28 and a 1 year high of $36.33.

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 (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The company had revenue of $218.56 million during the quarter, compared to analyst estimates of $225.00 million. Altisource Portfolio Solutions had a return on equity of 12.90% and a net margin of 34.66%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. sell-side analysts anticipate that Altisource Portfolio Solutions will post 0.21 earnings per share for the current year.

Several equities analysts have commented on ASPS shares. BidaskClub downgraded Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Friday, June 29th. ValuEngine downgraded Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Finally, Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th.

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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