StockNews.com Initiates Coverage on Altisource Portfolio Solutions (NASDAQ:ASPS)

Equities researchers at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a report released on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Altisource Portfolio Solutions stock opened at $1.22 on Friday. Altisource Portfolio Solutions has a 52 week low of $0.99 and a 52 week high of $4.60. The stock has a fifty day moving average of $1.15 and a 200-day moving average of $1.41.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Foundry Partners LLC lifted its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 617,274 shares of the business services provider’s stock after buying an additional 22,844 shares during the period. Foundry Partners LLC owned about 2.29% of Altisource Portfolio Solutions worth $1,198,000 as of its most recent SEC filing. Institutional investors own 41.36% of the company’s stock.

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.