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

Investment analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a note issued to investors on Saturday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Up 0.3 %

Shares of Altisource Portfolio Solutions stock opened at $0.73 on Friday. The stock’s fifty day moving average is $0.75 and its 200-day moving average is $0.94. The firm has a market capitalization of $19.93 million, a PE ratio of -0.52 and a beta of 0.90. Altisource Portfolio Solutions has a 12-month low of $0.43 and a 12-month high of $3.17.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Altisource Portfolio Solutions during the fourth quarter worth $302,000. Geode Capital Management LLC grew its holdings in shares of Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after buying an additional 16,390 shares in the last quarter. Finally, Nantahala Capital Management LLC grew its holdings in shares of Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after buying an additional 1,037,275 shares in the last quarter. 41.36% of the stock is owned by institutional investors and hedge funds.

About Altisource Portfolio Solutions

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.