Swedbank AB Has $2.62 Million Stock Position in Altus Power, Inc. (NYSE:AMPS)

Swedbank AB lowered its position in shares of Altus Power, Inc. (NYSE:AMPS - Free Report) by 68.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,182 shares of the company's stock after selling 1,808,518 shares during the quarter. Swedbank AB owned 0.51% of Altus Power worth $2,624,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMPS. Price T Rowe Associates Inc. MD increased its position in shares of Altus Power by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,257 shares of the company's stock worth $212,000 after acquiring an additional 3,116 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Altus Power by 17.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 35,198 shares of the company's stock worth $168,000 after acquiring an additional 5,116 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Altus Power by 24.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,771 shares of the company's stock worth $125,000 after acquiring an additional 6,209 shares during the period. Bouvel Investment Partners LLC boosted its position in Altus Power by 2.8% during the 1st quarter. Bouvel Investment Partners LLC now owns 305,673 shares of the company's stock worth $1,461,000 after acquiring an additional 8,295 shares during the period. Finally, American Century Companies Inc. grew its stake in Altus Power by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 72,322 shares of the company's stock valued at $284,000 after acquiring an additional 9,062 shares in the last quarter. Institutional investors own 46.55% of the company's stock.

Altus Power Stock Performance

AMPS traded up $0.02 on Friday, hitting $3.62. The company had a trading volume of 1,063,188 shares, compared to its average volume of 1,074,659. The stock has a market cap of $581.63 million, a price-to-earnings ratio of -72.40 and a beta of 0.96. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.91 and a quick ratio of 0.91. The company's fifty day moving average price is $3.16 and its 200 day moving average price is $3.78. Altus Power, Inc. has a 1-year low of $2.71 and a 1-year high of $7.28.

Altus Power (NYSE:AMPS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.13. The business 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%. Equities analysts predict that Altus Power, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on AMPS shares. Roth Mkm restated a "buy" rating and set a $4.50 price target on shares of Altus Power in a report on Wednesday. Maxim Group dropped their price target on shares of Altus Power from $5.50 to $4.50 and set a "buy" rating on the stock in a research note on Monday, August 12th. B. Riley raised Altus Power to a "strong-buy" rating in a research report on Tuesday, June 25th. Morgan Stanley lowered 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 research report on Wednesday, August 21st. Finally, UBS Group reduced their price target on Altus Power from $5.50 to $5.00 and set a "buy" rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Altus Power currently has a consensus rating of "Buy" and a consensus target price of $6.00.

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.