Altus Power, Inc. (NYSE:AMPS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in Altus Power, Inc. (NYSE:AMPS) by 63.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,954 shares of the company’s stock after selling 59,500 shares during the period. Jane Street Group LLC’s holdings in Altus Power were worth $108,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT bought a new stake in shares of Altus Power in the 3rd quarter valued at approximately $40,000. HighTower Advisors LLC acquired a new position in Altus Power in the third quarter worth $41,000. Susquehanna Fundamental Investments LLC bought a new stake in Altus Power during the second quarter valued at $68,000. Intech Investment Management LLC acquired a new stake in shares of Altus Power during the third quarter worth $86,000. Finally, SG Americas Securities LLC lifted its position in shares of Altus Power by 135.9% in the 3rd quarter. SG Americas Securities LLC now owns 30,146 shares of the company’s stock worth $96,000 after buying an additional 17,368 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors.

Altus Power Price Performance

Shares of NYSE:AMPS opened at $3.97 on Wednesday. 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 $3.95 and its two-hundred day moving average is $3.66. The firm has a market capitalization of $638.36 million, a P/E ratio of 18.05 and a beta of 1.05. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $7.28.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMPS. Citigroup lowered their price objective on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday, December 12th. Finally, Roth Mkm reiterated a “buy” rating and set a $4.50 price target on shares of Altus Power in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.21.

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.