Healthcare of Ontario Pension Plan Trust Fund Boosts Position in Altus Power, Inc. (NYSE:AMPS)

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Altus Power, Inc. (NYSE:AMPS) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,205 shares of the company’s stock after acquiring an additional 14,492 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.19% of Altus Power worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Altus Power by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,974,269 shares of the company’s stock valued at $11,662,000 after purchasing an additional 807,071 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted 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 valued at $5,531,000 after acquiring an additional 745,810 shares during the last quarter. Long Focus Capital Management LLC grew its position in 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 period. Jupiter Asset Management Ltd. acquired a new stake in Altus Power during the second quarter worth $1,085,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Altus Power by 78.8% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 437,286 shares of the company’s stock valued at $1,714,000 after purchasing an additional 192,687 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup cut their price objective on Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. UBS Group reduced their price target on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Roth Mkm reaffirmed a “buy” rating and set a $4.50 price objective on shares of Altus Power in a research report on Wednesday, October 16th. Morgan Stanley lowered Altus Power from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $8.00 to $4.00 in a research report on Wednesday, August 21st. Finally, Maxim Group lowered their price target on Altus Power from $5.50 to $4.50 and set a “buy” rating for the company in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $5.21.

Altus Power Stock Performance

Shares of AMPS stock opened at $4.04 on Tuesday. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $7.28. The firm has a 50 day moving average of $3.52 and a two-hundred day moving average of $3.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $649.62 million, a PE ratio of 18.59 and a beta of 0.94.

About Altus Power

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.