Geode Capital Management LLC Sells 14,191 Shares of Altus Power, Inc. (NYSE:AMPS)

Geode Capital Management LLC decreased its position in Altus Power, Inc. (NYSE:AMPS) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,554,290 shares of the company’s stock after selling 14,191 shares during the quarter. Geode Capital Management LLC’s holdings in Altus Power were worth $4,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Altus Power by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,974,269 shares of the company’s stock worth $11,662,000 after purchasing an additional 807,071 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Altus Power by 112.1% in 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 in the last quarter. Long Focus Capital Management LLC grew its stake in shares of Altus Power by 427.6% in 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. Jupiter Asset Management Ltd. purchased a new stake in shares of Altus Power in the second quarter worth $1,085,000. Finally, XTX Topco Ltd purchased a new position in shares of Altus Power in the 3rd quarter worth about $425,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Roth Mkm reissued a “buy” rating and set a $4.50 price objective on shares of Altus Power in a research report on Wednesday, October 16th. Citigroup reduced their price target on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut Altus Power from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Altus Power has a consensus rating of “Moderate Buy” and an average target price of $5.21.

Altus Power Price Performance

Shares of AMPS opened at $4.47 on Friday. The firm has a market cap of $718.76 million, a PE ratio of 20.32 and a beta of 1.04. Altus Power, Inc. has a 1-year low of $2.71 and a 1-year high of $7.28. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The firm has a fifty day simple moving average of $3.87 and a two-hundred day simple moving average of $3.66.

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.