Altus Power, Inc. (NYSE:AMPS) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Altus Power, Inc. (NYSE:AMPS) by 19.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,058 shares of the company’s stock after purchasing an additional 5,912 shares during the quarter. SG Americas Securities LLC’s holdings in Altus Power were worth $147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMPS. Iridian Asset Management LLC CT purchased a new stake in Altus Power during the third quarter worth approximately $40,000. HighTower Advisors LLC purchased a new stake in shares of Altus Power in the third quarter valued at approximately $41,000. Intech Investment Management LLC acquired a new stake in shares of Altus Power in the third quarter valued at about $86,000. Ballentine Partners LLC acquired a new position in Altus Power during the fourth quarter worth $112,000. Finally, The Manufacturers Life Insurance Company raised its position in Altus Power by 24.3% during the second quarter. The Manufacturers Life Insurance Company now owns 31,771 shares of the company’s stock worth $125,000 after acquiring an additional 6,209 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Altus Power Stock Down 0.1 %

Altus Power stock opened at $4.87 on Tuesday. 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 twelve month low of $2.71 and a twelve month high of $7.28. The firm’s 50 day moving average price is $3.99 and its two-hundred day moving average price is $3.63. The firm has a market cap of $782.29 million, a PE ratio of 22.11 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMPS. Roth Mkm reissued a “buy” rating and issued a $4.50 price objective on shares of Altus Power in a research report on Wednesday, October 16th. B. Riley lowered Altus Power from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $5.00 in a research report on Friday. Citigroup decreased their target price on Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.06.

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.