Altus Power, Inc. (NYSE:AMPS) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Altus Power, Inc. (NYSE:AMPS - Free Report) by 37.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,974,269 shares of the company's stock after buying an additional 807,071 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.85% of Altus Power worth $11,662,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. bought a new stake in shares of Altus Power during the second quarter valued at approximately $1,085,000. American Century Companies Inc. increased its stake in shares of Altus Power by 14.3% during the second quarter. American Century Companies Inc. now owns 72,322 shares of the company's stock valued at $284,000 after buying an additional 9,062 shares during the period. Vaughan David Investments LLC IL bought a new stake in shares of Altus Power in the second quarter valued at about $55,000. Rhumbline Advisers lifted its stake in Altus Power by 16.1% in the second quarter. Rhumbline Advisers now owns 145,233 shares of the company's stock worth $569,000 after acquiring an additional 20,175 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Altus Power by 78.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 437,286 shares of the company's stock worth $1,714,000 after acquiring an additional 192,687 shares in the last quarter. Institutional investors own 46.55% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on AMPS shares. Morgan Stanley cut shares of Altus Power from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $8.00 to $4.00 in a report on Wednesday, August 21st. B. Riley upgraded shares of Altus Power to a "strong-buy" rating in a report on Tuesday, June 25th. UBS Group reduced their target price on shares of Altus Power from $5.50 to $5.00 and set a "buy" rating for the company in a report on Friday, August 9th. Roth Mkm reduced their target price on shares of Altus Power from $5.00 to $4.50 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Maxim Group reduced their target price on shares of Altus Power from $5.50 to $4.50 and set a "buy" rating for the company in a report on Monday, August 12th. Two investment 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. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $6.00.

Altus Power Stock Performance

Shares of AMPS traded down $0.08 during trading hours on Monday, hitting $3.03. The stock had a trading volume of 457,460 shares, compared to its average volume of 1,062,802. The firm has a 50-day moving average price of $3.27 and a 200 day moving average price of $3.88. Altus Power, Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $7.28. The firm has a market capitalization of $486.84 million, a price-to-earnings ratio of -63.40 and a beta of 0.96. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.91 and a current ratio of 0.91.

Altus Power (NYSE:AMPS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.03 by $0.13. The company had revenue of $52.46 million for the quarter, compared to analyst estimates of $57.61 million. Altus Power had a net margin of 13.55% and a return on equity of 2.52%. As a group, research analysts anticipate that Altus Power, Inc. will post 0.08 EPS for the current year.

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.