Oppenheimer & Co. Inc. lowered its holdings in shares of Altus Power, Inc. (NYSE:AMPS – Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,000 shares of the company’s stock after selling 5,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in Altus Power were worth $48,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in AMPS. Price T Rowe Associates Inc. MD grew its holdings in shares of Altus Power by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,257 shares of the company’s stock valued at $212,000 after purchasing an additional 3,116 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Altus Power by 196.6% in the 1st quarter. Janus Henderson Group PLC now owns 68,309 shares of the company’s stock worth $326,000 after acquiring an additional 45,276 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Altus Power in the 1st quarter worth $88,000. Levin Capital Strategies L.P. bought a new stake in Altus Power in the 1st quarter worth $143,000. Finally, Swedbank AB bought a new stake in Altus Power in the 1st quarter worth $12,589,000. Institutional investors own 46.55% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on AMPS. Roth Mkm reissued a “buy” rating and issued a $4.50 price target on shares of Altus Power in a report on Wednesday, October 16th. Morgan Stanley lowered shares of Altus Power from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $8.00 to $4.00 in a report on Wednesday, August 21st. Citigroup cut their price target on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. UBS Group cut their price target on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, 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 report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $5.81.
Altus Power Trading Up 2.7 %
NYSE:AMPS opened at $4.17 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 $670.54 million, a price-to-earnings ratio of 18.95 and a beta of 0.94. The company has a 50-day moving average price of $3.42 and a 200-day moving average price of $3.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10.
Altus Power 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.
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