Investigation Reports Drive Altisource Portfolio Solutions Plunge

Altisource Portfolio Solutions

Repros Therapeutics Inc (NASDAQ:RPRS), ANI Pharmaceuticals Inc (NASDAQ:ANIP) and Autohome Inc (ADR) (NYSE:ATHM) are this Monday’s top gainers on the market. The losers are Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), Caesars Entertainment Corp (NASDAQ:CZR) and Empire Resorts Inc (NASDAQ:NYNY).

Repros Therapeutics, ANI Pharmaceuticals Climbs

Repros Therapeutics Inc (NASDAQ:RPRX) climbed +11.33%. In Farallon Capital’s portfolio since the first quarter of 2013, the biopharmaceutical company is down -22.19% year-to-date despite today’s gain.

ANI Pharmaceuticals Inc (NASDAQ:ANIP), another drug company, surged +11.03% today, bringing its year-to-date gain to +47.86%. This morning, ANIP reported second quarter financial results, including $6.6 million in net revenues. The firm is another Farallon Capital pick, as the fund purchased 30,000 shares during the first quarter of the year.

With a price increase of +10.33%, Autohome Inc (ADR) (NYSE:ATHM) also had a strong start to the week. The Tiger Global holding, an online destination for automobile consumers in China, will announce Q2 results on Thursday. Investors seem to be expecting good things.

Altisource Portfolio Solutions Dives Following Investigation Reports

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) ended the day with a -14.62% loss, the result of news that the company may soon be under investigation regarding possible violations of federal securities laws. Leon Cooperman has had a position in the company since the first quarter of 2010.

The share price of Caesars Entertainment Corp (NASDAQ:CZR) slipped -8.23% following reports that it has taken steps in recent weeks signaling it may be poised for a massive debt restructuring. The casino giant is down -37.44% YTD and is now trading near its 52-week-low.

Empire Resorts Inc (NASDAQ:NYNY) had a rough start to the week as well, its price falling -8.11% this Monday. The gaming and resort management company, a first quarter buy for billionaire investor George Soros, has declined -41.72% over the past month.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)






About the Author

iBillionaire
iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.

Be the first to comment on "Investigation Reports Drive Altisource Portfolio Solutions Plunge"

Leave a comment