XTX Topco Ltd Takes $425,000 Position in Altus Power, Inc. (NYSE:AMPS)

XTX Topco Ltd bought a new position in shares of Altus Power, Inc. (NYSE:AMPS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 133,604 shares of the company's stock, valued at approximately $425,000. XTX Topco Ltd owned about 0.08% of Altus Power as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Altus Power by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,257 shares of the company's stock worth $212,000 after purchasing an additional 3,116 shares during the period. Janus Henderson Group PLC raised its position in Altus Power by 9.0% during the 3rd quarter. Janus Henderson Group PLC now owns 44,792 shares of the company's stock worth $142,000 after purchasing an additional 3,709 shares during the last quarter. HTG Investment Advisors Inc. lifted its holdings in Altus Power by 8.6% during the 3rd quarter. HTG Investment Advisors Inc. now owns 65,148 shares of the company's stock worth $207,000 after buying an additional 5,148 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Altus Power by 24.3% during the second 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 last quarter. Finally, American Century Companies Inc. raised its position 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 worth $284,000 after acquiring an additional 9,062 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Altus Power Price Performance

Shares of Altus Power stock traded up $0.07 during trading on Friday, hitting $3.80. The stock had a trading volume of 1,075,728 shares, compared to its average volume of 1,075,179. The firm has a market cap of $611.02 million, a price-to-earnings ratio of 17.27 and a beta of 1.04. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The business's 50-day moving average is $3.66 and its 200 day moving average is $3.68. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $7.28.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Altus Power from a "neutral" rating to an "underweight" rating in a research report on Thursday. Morgan Stanley downgraded shares of Altus Power from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $8.00 to $4.00 in a research report on Wednesday, August 21st. Citigroup dropped their price target on Altus Power from $7.00 to $5.50 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Finally, Roth Mkm reissued a "buy" rating and issued a $4.50 price target on shares of Altus Power in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.21.

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.