Triad Investment Management bought a new position in Altus Power, Inc. (NYSE:AMPS – Get Rating ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,780 shares of the company’s stock, valued at approximately $135,000.
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Other institutional investors and hedge funds have also bought and sold shares of the company. Sandia Investment Management LP acquired a new position in Altus Power in the third quarter worth about $55,000. First Trust Advisors LP acquired a new position in Altus Power in the 3rd quarter worth about $11,025,000. Monashee Investment Management LLC acquired a new position in Altus Power in the third quarter worth about $1,197,000. Telemark Asset Management LLC boosted its holdings in Altus Power by 8.8% in the third quarter. Telemark Asset Management LLC now owns 1,850,000 shares of the company’s stock valued at $20,369,000 after buying an additional 150,000 shares in the last quarter. Finally, HBK Investments LP acquired a new position in Altus Power in the 3rd quarter worth about $443,000. The institutional investors and hedge funds own 43.73% of the company’s stock.
Altus Power Price Performance
Shares of Altus Power stock opened at $5.09 on Friday. Altus Power, Inc. has a one year low of $4.26 and a one year high of $14.72. The business has a fifty day moving average of $6.62 and a 200 day moving average of $7.83. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.15, and a quick ratio of 3.15. The firm has a market cap of $814.60 million, a P/E ratio of 14.97 and a beta of 0.60.
Wall Street analysts forecast growth
A number of equities analysts have commented on the company. Evercore ISI reduced their price objective on Altus Power from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 31st. Citigroup cut their target price on Altus Power from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. B. Riley restated a “buy” rating and issued a $14.00 target price on shares of Altus Power in a research report on Friday, March 31st. Finally, Morgan Stanley cut their target price on Altus Power from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a buy rating. The stock currently has a consensus rating of “Buy” and an average target price of $11.00, according to MarketBeat.com.
Altus Power Company Profile
(Get Rating)
Altus Power, Inc, a clean electrification company, designs, develops, owns and operates rooftop, ground and carport solar power generation and storage systems. The company serves commercial, industrial, public sector and community solar customers. Altus Power, Inc was founded in 2013 and is based in Stamford, Connecticut.
See also
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