Avanza Fonder AB Purchases Shares of 52,325 Altus Power, Inc. (NYSE:AMPS)

Avanza Fonder AB acquired a new position in shares of Altus Power, Inc. (NYSE:AMPS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,325 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings 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 during the period. Skandinaviska Enskilda Banken AB publ boosted 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 buying an additional 745,810 shares during the period. Long Focus Capital Management LLC increased its position 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 valued at $2,152,000 after acquiring an additional 445,000 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Altus Power in the third quarter valued at $425,000. Finally, abrdn plc lifted its holdings in shares of Altus Power by 8.7% in the 3rd quarter. abrdn plc now owns 1,444,400 shares of the company’s stock worth $4,593,000 after acquiring an additional 115,300 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors.

Altus Power Stock Performance

AMPS stock opened at $3.82 on Monday. Altus Power, Inc. has a one year low of $2.71 and a one year high of $7.28. The firm has a market cap of $613.45 million, a price-to-earnings ratio of 17.34 and a beta of 1.05. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a 50-day simple moving average of $3.99 and a two-hundred day simple moving average of $3.66.

Analyst Ratings Changes

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

Altus Power Company 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.