Altisource Portfolio Solutions S.A. Stock Is Crashing Now

The stock of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) is a huge mover today! The stock is down 11.53% or $2.84 after the news, hitting $21.8 per share. About 474,207 shares traded hands. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has declined 20.64% since August 7, 2015 and is downtrending. It has underperformed by 17.86% the S&P500. The move comes after 9 months negative chart setup for the $421.91 million company. It was reported on Mar, 15 by We have $19.62 PT which if reached, will make NASDAQ:ASPS worth $42.19M less.

Out of 2 analysts covering Altisource Portfolio Solutions (NASDAQ:ASPS), 0 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 0% are positive. Altisource Portfolio Solutions was the topic in 3 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Piper Jaffray reinitiated the stock on December 11 with “Neutral” rating.

According to Zacks Investment Research, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry.”

The institutional sentiment decreased to 0.83 in Q3 2015. Its down 0.25, from 1.08 in 2015Q2. The ratio turned negative, as 14 funds sold all Altisource Portfolio Solutions S.A. shares owned while 39 reduced positions. 15 funds bought stakes while 29 increased positions. They now own 20.06 million shares or 22.65% more from 16.36 million shares in 2015Q2.

Boston Provident L.P. holds 13.24% of its portfolio in Altisource Portfolio Solutions S.A. for 651,763 shares. Aym Capital Llc owns 81,900 shares or 7.8% of their US portfolio. Moreover, Investment Management Of Virginia Llc has 2.18% invested in the company for 345,695 shares. The Cayman Islands-based Cqs Cayman Lp has invested 1.04% in the stock. Luxor Capital Group Lp, a New York-based fund reported 1.87 million shares.

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