Altus Power, Inc. (NYSE:AMPS) Shares Sold by Swedbank AB

Swedbank AB lowered its holdings in Altus Power, Inc. (NYSE:AMPS) by 66.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 277,800 shares of the company’s stock after selling 547,382 shares during the period. Swedbank AB owned about 0.17% of Altus Power worth $1,131,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Altus Power by 37.2% during the 2nd 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 during the last quarter. ProShare Advisors LLC grew its holdings in Altus Power by 238.4% during the 2nd quarter. ProShare Advisors LLC now owns 38,853 shares of the company’s stock worth $152,000 after acquiring an additional 27,371 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Altus Power by 24.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,771 shares of the company’s stock worth $125,000 after purchasing an additional 6,209 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Altus Power in the 2nd quarter worth about $68,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Altus Power by 14.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 297,713 shares of the company’s stock valued at $1,167,000 after purchasing an additional 38,272 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Altus Power Stock Performance

AMPS stock opened at $4.02 on Monday. The stock’s fifty day moving average is $3.98 and its two-hundred day moving average is $3.62. The stock has a market capitalization of $645.61 million, a price-to-earnings ratio of 18.25 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. Altus Power, Inc. has a 1 year low of $2.71 and a 1 year high of $7.28.

Wall Street Analyst Weigh In

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