Altus Power, Inc. (NYSE:AMPS) Insider Anthony Savino Sells 29,748 Shares

Altus Power, Inc. (NYSE:AMPS) insider Anthony Savino sold 29,748 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $4.96, for a total value of $147,550.08. Following the completion of the transaction, the insider now directly owns 4,030,459 shares in the company, valued at approximately $19,991,076.64. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Anthony Savino also recently made the following trade(s):

• On Thursday, February 20th, Anthony Savino sold 8,823 shares of Altus Power stock. The stock was sold at an average price of $4.91, for a total value of $43,320.93.

Altus Power Price Performance

Shares of Altus Power stock opened at $4.99 on Thursday. 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 firm has a market capitalization of $800.50 million, a PE ratio of 22.68 and a beta of 0.94. The business’s 50-day moving average price is $4.87 and its 200-day moving average price is $4.12. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $5.50.

Altus Power (NYSE:AMPS) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The firm had revenue of $44.47 million for the quarter, compared to the consensus estimate of $46.64 million. Altus Power had a net margin of 19.18% and a return on equity of 4.79%. Sell-side analysts forecast that Altus Power, Inc. will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Altus Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in Altus Power by 11,326.2% in the 4th quarter. US Bancorp DE now owns 9,598 shares of the company’s stock worth $39,000 after buying an additional 9,514 shares during the period. HighTower Advisors LLC purchased a new stake in Altus Power in the 3rd quarter worth approximately $41,000. Citizens Financial Group Inc. RI purchased a new stake in Altus Power in the 4th quarter worth approximately $41,000. SevenBridge Financial Group LLC purchased a new stake in Altus Power in the 4th quarter worth approximately $41,000. Finally, One68 Global Capital LLC purchased a new stake in Altus Power in the 4th quarter worth approximately $41,000. 46.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMPS shares. JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Thursday, February 6th. UBS Group downgraded Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Monday, February 10th. Roth Mkm reaffirmed a “neutral” rating and set a $5.00 target price on shares of Altus Power in a research note on Friday, March 21st. B. Riley cut Altus Power from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, Seaport Res Ptn cut Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Altus Power currently has an average rating of “Hold” and an average target price of $5.13.

About Altus Power

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.