Barclays cut shares of Altus Midstream (NYSE:ALTM) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. They currently have $7.00 price target on the stock, down from their previous price target of $10.00.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Altus Midstream from a hold rating to a buy rating and set a $6.75 target price on the stock in a research note on Tuesday, April 9th. Credit Suisse Group started coverage on shares of Altus Midstream in a research note on Friday, January 4th. They set an outperform rating and a $11.00 target price on the stock.
Shares of ALTM opened at $5.42 on Tuesday. Altus Midstream has a 52-week low of $5.08 and a 52-week high of $10.48.
In other news, major shareholder Kayne Anderson Capital Advisor sold 107,114 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $7.09, for a total transaction of $759,438.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 552,314 shares of company stock worth $3,466,354.
Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of Altus Midstream during the 4th quarter valued at about $95,000. Opera Trading Capital acquired a new position in shares of Altus Midstream during the 4th quarter valued at about $103,000. Comerica Securities Inc. acquired a new position in Altus Midstream in the fourth quarter valued at about $106,000. Cohen & Steers Inc. acquired a new position in Altus Midstream in the fourth quarter valued at about $126,000. Finally, Tortoise Index Solutions LLC acquired a new position in Altus Midstream in the fourth quarter valued at about $156,000.
About Altus Midstream
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