Janus Henderson Group PLC Boosts Stake in Altus Power, Inc. (NYSE:AMPS)

Janus Henderson Group PLC increased its position in Altus Power, Inc. (NYSE:AMPS) by 9.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 44,792 shares of the company’s stock after buying an additional 3,709 shares during the quarter. Janus Henderson Group PLC’s holdings in Altus Power were worth $142,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC purchased a new stake in Altus Power during the 3rd quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Altus Power by 798.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock valued at $234,000 after purchasing an additional 65,327 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Altus Power by 4.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 312,205 shares of the company’s stock worth $993,000 after buying an additional 14,492 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Altus Power in the 3rd quarter worth approximately $86,000. Finally, GSA Capital Partners LLP bought a new position in Altus Power in the third quarter worth $286,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMPS. JPMorgan Chase & Co. lowered shares of Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday. Roth Mkm restated a “buy” rating and set a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. Morgan Stanley lowered Altus Power from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $8.00 to $4.00 in a report on Wednesday, August 21st. Finally, Citigroup lowered their target price on Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Altus Power has a consensus rating of “Moderate Buy” and an average price target of $5.21.

Altus Power Price Performance

Shares of Altus Power stock opened at $3.80 on Monday. The stock’s fifty day moving average is $3.66 and its 200 day moving average is $3.68. Altus Power, Inc. has a one year low of $2.71 and a one year high of $7.28. 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 stock has a market cap of $611.02 million, a P/E ratio of 17.27 and a beta of 1.04.

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.