133,604 Shares in Altus Power, Inc. (NYSE:AMPS) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of Altus Power, Inc. (NYSE:AMPS) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 133,604 shares of the company’s stock, valued at approximately $425,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Long Focus Capital Management LLC increased its stake in Altus Power by 427.6% during the second quarter. Long Focus Capital Management LLC now owns 549,081 shares of the company’s stock worth $2,152,000 after acquiring an additional 445,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Altus Power by 798.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock worth $234,000 after acquiring an additional 65,327 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Altus Power by 37.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,974,269 shares of the company’s stock worth $11,662,000 after acquiring an additional 807,071 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in 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 acquiring an additional 192,687 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in 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 last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Altus Power Price Performance

Shares of NYSE AMPS opened at $3.80 on Friday. Altus Power, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.28. The business has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $3.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The firm has a market cap of $611.02 million, a PE ratio of 17.27 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMPS shares. JPMorgan Chase & Co. lowered Altus Power from a “neutral” rating to an “underweight” rating in a research note on Thursday. Morgan Stanley lowered Altus Power from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $8.00 to $4.00 in a research note on Wednesday, August 21st. Citigroup lowered their target price on Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Roth Mkm reiterated a “buy” rating and issued a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Altus Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.21.

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.