GSA Capital Partners LLP Invests $286,000 in Altus Power, Inc. (NYSE:AMPS)

GSA Capital Partners LLP bought a new position in Altus Power, Inc. (NYSE:AMPS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 89,896 shares of the company’s stock, valued at approximately $286,000. GSA Capital Partners LLP owned about 0.06% of Altus Power at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Encompass Capital Advisors LLC lifted its holdings in shares of Altus Power by 1.2% in the 2nd quarter. Encompass Capital Advisors LLC now owns 4,628,613 shares of the company’s stock worth $18,144,000 after acquiring an additional 53,031 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Altus Power by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,974,269 shares of the company’s stock valued at $11,662,000 after buying an additional 807,071 shares in the last quarter. Swedbank AB bought a new stake in Altus Power during the 1st quarter valued at about $12,589,000. abrdn plc lifted its holdings in Altus Power by 8.7% during the 3rd quarter. abrdn plc now owns 1,444,400 shares of the company’s stock valued at $4,593,000 after buying an additional 115,300 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Altus Power by 112.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,411,042 shares of the company’s stock valued at $5,531,000 after buying an additional 745,810 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Altus Power Trading Up 2.5 %

NYSE:AMPS opened at $4.16 on Friday. The firm has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $3.70. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. Altus Power, Inc. has a one year low of $2.71 and a one year high of $7.28. The firm has a market cap of $668.89 million, a P/E ratio of 18.91 and a beta of 0.94.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMPS. UBS Group decreased their price objective on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating for the company in a report on Friday, August 9th. Maxim Group decreased their price objective on shares of Altus Power from $5.50 to $4.50 and set a “buy” rating for the company in a report on Monday, August 12th. Citigroup decreased their price objective on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Roth Mkm reiterated a “buy” rating and set a $4.50 price objective on shares of Altus Power in a report on Wednesday, October 16th. Finally, Morgan Stanley lowered shares of Altus Power from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $8.00 to $4.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $5.81.

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.