GSA Capital Partners LLP Invests $286,000 in Altus Power, Inc. (NYSE:AMPS)

GSA Capital Partners LLP acquired a new position in Altus Power, Inc. (NYSE:AMPS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 89,896 shares of the company’s stock, valued at approximately $286,000.

Several other large investors also recently bought and sold shares of AMPS. Swedbank AB purchased a new stake in Altus Power during the 1st quarter worth approximately $12,589,000. Dimensional Fund Advisors LP grew its position in Altus Power by 37.2% during 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 last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Altus Power by 112.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,411,042 shares of the company’s stock worth $5,531,000 after purchasing an additional 745,810 shares during the last quarter. Long Focus Capital Management LLC grew its position in Altus Power by 427.6% during the 2nd quarter. Long Focus Capital Management LLC now owns 549,081 shares of the company’s stock worth $2,152,000 after purchasing an additional 445,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Altus Power during the 2nd quarter worth approximately $1,085,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Altus Power Stock Performance

AMPS opened at $4.16 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a fifty day moving average price of $3.42 and a 200 day moving average price of $3.70. Altus Power, Inc. has a 1 year low of $2.71 and a 1 year high of $7.28. The stock has a market cap of $668.89 million, a P/E ratio of 18.91 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMPS shares. Roth Mkm reissued a “buy” rating and set a $4.50 target price on shares of Altus Power in a research report on Wednesday, October 16th. Morgan Stanley downgraded shares of Altus Power from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $8.00 to $4.00 in a report on Wednesday, August 21st. Citigroup dropped their price objective on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Maxim Group dropped their price objective on shares of Altus Power from $5.50 to $4.50 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, UBS Group dropped their price objective on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $5.81.

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.