Magnus Financial Group LLC Invests $333,000 in Altus Power, Inc. (NYSE:AMPS)

Magnus Financial Group LLC bought a new stake in shares of Altus Power, Inc. (NYSE:AMPS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 81,835 shares of the company’s stock, valued at approximately $333,000. Magnus Financial Group LLC owned about 0.05% of Altus Power as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMPS. Iridian Asset Management LLC CT bought a new position in Altus Power during the third quarter valued at $40,000. HighTower Advisors LLC bought a new stake in shares of Altus Power in the 3rd quarter worth about $41,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Altus Power during the 2nd quarter valued at about $68,000. Intech Investment Management LLC bought a new position in shares of Altus Power in the 3rd quarter valued at about $86,000. Finally, Ballentine Partners LLC purchased a new position in Altus Power in the fourth quarter worth about $112,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Altus Power Stock Performance

Shares of Altus Power stock opened at $3.33 on Thursday. 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’s fifty day moving average is $4.00 and its two-hundred day moving average is $3.65. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $7.28. The company has a market capitalization of $534.65 million, a PE ratio of 15.11 and a beta of 1.05.

Analyst Ratings Changes

AMPS has been the topic of a number of recent research reports. Citigroup decreased their price objective on Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Roth Mkm restated a “buy” rating and set a $4.50 price target on shares of Altus Power in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered shares of Altus Power from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 12th. One investment 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 stock. Based on data from MarketBeat, Altus Power presently has an average rating of “Moderate Buy” and an average target price 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.