Altus Midstream (ALTM) Sees Unusually-High Trading Volume

Shares of Altus Midstream (NYSE:ALTM) saw an uptick in trading volume on Friday . 2,616,425 shares changed hands during mid-day trading, an increase of 559% from the previous session’s volume of 396,973 shares.The stock last traded at $6.44 and had previously closed at $6.32.

A number of brokerages recently commented on ALTM. Zacks Investment Research cut Altus Midstream from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Barclays began coverage on Altus Midstream in a report on Friday, December 7th. They issued an “overweight” rating and a $10.00 target price on the stock. Finally, Credit Suisse Group began coverage on Altus Midstream in a report on Friday, January 4th. They issued an “outperform” rating and a $11.00 target price on the stock.

In other Altus Midstream news, major shareholder Kayne Anderson Capital Advisor sold 223,600 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $6.13, for a total transaction of $1,370,668.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of large investors have recently bought and sold shares of ALTM. Geode Capital Management LLC purchased a new position in shares of Altus Midstream during the fourth quarter valued at about $95,000. Opera Trading Capital purchased a new position in Altus Midstream in the fourth quarter worth about $103,000. Comerica Securities Inc. purchased a new position in Altus Midstream in the fourth quarter worth about $106,000. Cohen & Steers Inc. purchased a new position in Altus Midstream in the fourth quarter worth about $126,000. Finally, Tortoise Index Solutions LLC purchased a new position in Altus Midstream in the fourth quarter worth about $156,000.

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Altus Midstream Company Profile (NYSE:ALTM)

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