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

Swedbank AB trimmed its position in Altus Power, Inc. (NYSE:AMPS) by 66.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 277,800 shares of the company’s stock after selling 547,382 shares during the period. Swedbank AB’s holdings in Altus Power were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMPS. SG Americas Securities LLC raised its stake in shares of Altus Power by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 36,058 shares of the company’s stock worth $147,000 after buying an additional 5,912 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in Altus Power in the 4th quarter valued at about $333,000. Ballentine Partners LLC bought a new position in shares of Altus Power during the 4th quarter valued at about $112,000. Avanza Fonder AB acquired a new position in shares of Altus Power in the 4th quarter worth approximately $213,000. Finally, Franklin Resources Inc. raised its holdings in shares of Altus Power by 47.2% in the 3rd quarter. Franklin Resources Inc. now owns 51,035 shares of the company’s stock worth $161,000 after purchasing an additional 16,370 shares in the last quarter. 46.55% of the stock is owned by institutional investors.

Altus Power Stock Performance

Shares of AMPS stock opened at $4.02 on Monday. The stock’s fifty day simple moving average is $3.98 and its 200-day simple moving average is $3.62. The company 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. Altus Power, Inc. has a 1-year low of $2.71 and a 1-year high of $7.28.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday, December 12th. Citigroup reduced their price objective 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 reaffirmed a “buy” rating and set a $4.50 target price on shares of Altus Power in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Altus Power currently has an average rating of “Moderate Buy” and an average 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.