Altus Power, Inc. (NYSE:AMPS) Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC lowered its holdings in Altus Power, Inc. (NYSE:AMPS) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 960,000 shares of the company’s stock after selling 240,000 shares during the quarter. Telemark Asset Management LLC owned 0.60% of Altus Power worth $3,053,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Swedbank AB acquired a new position in Altus Power during the first quarter worth about $12,589,000. Long Focus Capital Management LLC boosted its position in shares of Altus Power by 427.6% during the 2nd quarter. Long Focus Capital Management LLC now owns 549,081 shares of the company’s stock worth $2,152,000 after purchasing an additional 445,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Altus Power by 37.2% in the second 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. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Altus Power by 78.8% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 437,286 shares of the company’s stock worth $1,714,000 after purchasing an additional 192,687 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Altus Power by 112.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,411,042 shares of the company’s stock worth $5,531,000 after acquiring an additional 745,810 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup lowered their target price 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. Morgan Stanley lowered Altus Power from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $8.00 to $4.00 in a report on Wednesday, August 21st. Maxim Group lowered their target price on shares of Altus Power from $5.50 to $4.50 and set a “buy” rating on the stock in a research report on Monday, August 12th. Roth Mkm reiterated a “buy” rating and set a $4.50 target price on shares of Altus Power in a research report on Wednesday, October 16th. Finally, UBS Group reduced 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. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $5.81.

Altus Power Trading Up 2.8 %

Shares of AMPS stock opened at $4.06 on Friday. The stock has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $3.70. The stock has a market capitalization of $652.81 million, a P/E ratio of 18.45 and a beta of 0.94. Altus Power, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.28. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

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.