Altus Midstream Company (NASDAQ:ALTM) marched up -0.89% compared to a 52-week low price of $4.47. The shares were last seen trading -4.53% lower, taking the closing price at $4.43 on 6/12/2019. At a recent session, the prices were hovering between $4.32 and $4.63. This company shares are 69.3% off its target price of $7.5 and the current market capitalization stands at $1.35B. The recent change has given its price a -15.62% deficit over SMA 50 and -57.73% deficit over its 52-week high. The stock witnessed -18.11% declines, -28.2% declines and -46.75% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ALTM’s volatility during a week at 6.2% and during a month it has been found around 4.76%.

Altus Midstream Company (ALTM) Top Holders

Institutional investors currently hold around $310 million or 89.2% in ALTM stock. Look at its top three institutional owners: Kayne Anderson Capital Advisors Lp owns $68.5 million in Altus Midstream Company, which represents roughly 5.07% of the company’s market cap and approximately 22.1% of the institutional ownership. Similar statistics are true for the second largest owner, Capital Research Global Investors, which owns 7,999,000 shares of the stock are valued at $37.12 million. The third largest holder is Salient Capital Advisors, Llc, which currently holds $32.96 million worth of this stock and that ownership represents nearly 2.44% of its market capitalization.

Altus Midstream Company 13F Filings

At the end of March reporting period, 46 institutional holders increased their position in Altus Midstream Company (NASDAQ:ALTM) by some 12,199,465 shares, 19 decreased positions by 4,047,619 and 6 held positions by 50,601,422. That puts total institutional holdings at 66,848,506 shares, according to SEC filings. The stock grabbed 32 new institutional investments totaling 2,841,727 shares while 8 institutional investors sold out their entire positions totaling 872,097 shares.

Altus Midstream Company (NASDAQ:ALTM) Insider Trades

Multiple company employees have indulged in significant insider trading. Altus Midstream Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Bretches D. Clay has acquired 20,000 shares of Altus Midstream Company (ALTM) in the trading session dated May. 21, 2019. These shares are worth $104,000 and were traded at $5.2 each. The SEC filing shows that KAYNE ANDERSON CAPITAL ADVISOR performed a sale of 221,600 shares. The 10% Owner disposed these shares by way of transaction on Mar. 27, 2019. The company’s shares were given away at $6.03 per share worth to an income of some $1,336,248 to the account of KAYNE ANDERSON CAPITAL ADVISOR.

10% Owner, KAYNE ANDERSON CAPITAL ADVISOR, sold 223,600 common shares of Altus Midstream Company (ALTM) in the open market. In a transaction dated Mar. 13, 2019, the shares were put up for sale at an average price of $6.13, raking in a sum of $1,370,668. After this sale, 14,003,286 common shares of ALTM are directly owned by the insider, with total stake valued at $62,034,557.

In the transaction dated Feb. 28, 2019, a great number of shares sold came courtesy the 10% Owner; KAYNE ANDERSON CAPITAL ADVISOR disposed a total of 107,114 shares at an average price of $7.09, amounting to approximately $759,438. The insider now directly owns 14,226,886 shares worth $63,025,105.

Altus Midstream Company (ALTM) Analyst Guide

Several analysts have released their opinion on Altus Midstream Company (NASDAQ:ALTM), with 0 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation [T1].