17,261 Shares in Altus Power, Inc. (NYSE:AMPS) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Altus Power, Inc. (NYSE:AMPS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,261 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Altus Power during the second quarter valued at approximately $39,000. Vaughan David Investments LLC IL acquired a new position in Altus Power during the 2nd quarter worth $55,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Altus Power in the first quarter worth $88,000. Bailard Inc. acquired a new position in shares of Altus Power during the second quarter valued at $114,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Altus Power by 24.3% during the second quarter. The Manufacturers Life Insurance Company now owns 31,771 shares of the company’s stock valued at $125,000 after purchasing an additional 6,209 shares in the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMPS shares. Maxim Group decreased their target price on shares of Altus Power from $5.50 to $4.50 and set a “buy” rating for the company in a research report on Monday, August 12th. UBS Group lowered their price objective on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Roth Mkm cut their target price on Altus Power from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, August 9th. Morgan Stanley cut Altus Power from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $8.00 to $4.00 in a research report on Wednesday, August 21st. Finally, B. Riley upgraded Altus Power to a “strong-buy” rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Altus Power currently has an average rating of “Buy” and an average target price of $6.00.

Altus Power Stock Performance

AMPS opened at $3.11 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.18. The firm has a market cap of $499.69 million, a PE ratio of -62.20 and a beta of 0.96. The business has a fifty day simple moving average of $3.27 and a 200-day simple moving average of $3.89. Altus Power, Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $7.28.

Altus Power (NYSE:AMPS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.13. The business had revenue of $52.46 million during the quarter, compared to analyst estimates of $57.61 million. Altus Power had a return on equity of 2.52% and a net margin of 13.55%. As a group, equities analysts predict that Altus Power, Inc. will post 0.08 EPS for the current fiscal year.

Altus Power Company Profile

Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.