Altus Power, Inc. (NYSE:AMPS) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Altus Power, Inc. (NYSE:AMPS) by 312.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,987 shares of the company’s stock after purchasing an additional 87,886 shares during the quarter. Barclays PLC owned 0.07% of Altus Power worth $369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Iridian Asset Management LLC CT purchased a new position in Altus Power during the 3rd quarter worth $40,000. HighTower Advisors LLC purchased a new position in Altus Power during the third quarter worth about $41,000. Susquehanna Fundamental Investments LLC acquired a new stake in Altus Power in the second quarter valued at about $68,000. Intech Investment Management LLC purchased a new stake in Altus Power in the 3rd quarter valued at approximately $86,000. Finally, SG Americas Securities LLC increased its position in Altus Power by 135.9% during the 3rd quarter. SG Americas Securities LLC now owns 30,146 shares of the company’s stock worth $96,000 after purchasing an additional 17,368 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Altus Power Stock Performance

Shares of AMPS opened at $3.82 on Friday. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month high of $7.28. The stock has a market cap of $613.45 million, a P/E ratio of 17.34 and a beta of 1.05. 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 company has a 50-day moving average of $3.99 and a two-hundred day moving average of $3.66.

Wall Street Analysts Forecast Growth

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