Zurcher Kantonalbank Zurich Cantonalbank Has $234,000 Position in Altus Power, Inc. (NYSE:AMPS)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Altus Power, Inc. (NYSE:AMPS) by 798.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,508 shares of the company’s stock after acquiring an additional 65,327 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Altus Power were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Altus Power by 4.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 312,205 shares of the company’s stock valued at $993,000 after buying an additional 14,492 shares in the last quarter. Intech Investment Management LLC acquired a new position in Altus Power in the third quarter valued at about $86,000. GSA Capital Partners LLP acquired a new position in Altus Power in the third quarter valued at about $286,000. HTG Investment Advisors Inc. boosted its position in Altus Power by 8.6% in the third quarter. HTG Investment Advisors Inc. now owns 65,148 shares of the company’s stock valued at $207,000 after buying an additional 5,148 shares in the last quarter. Finally, Iridian Asset Management LLC CT acquired a new position in Altus Power in the third quarter valued at about $40,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Altus Power Trading Up 4.7 %

Shares of Altus Power stock opened at $4.00 on Monday. The firm has a market capitalization of $643.20 million, a PE ratio of 18.18 and a beta of 1.04. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The firm’s 50 day moving average is $3.58 and its 200 day moving average is $3.68. Altus Power, Inc. has a 1 year low of $2.71 and a 1 year high of $7.28.

Analyst Ratings Changes

A number of brokerages have weighed in on AMPS. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. Maxim Group dropped 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 note on Monday, August 12th. Morgan Stanley downgraded shares of Altus Power from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $8.00 to $4.00 in a research note on Wednesday, August 21st. Finally, Citigroup dropped their price target on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $5.21.

About Altus Power

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.