Citigroup Inc. lessened its holdings in shares of Altus Power, Inc. (NYSE:AMPS – Free Report) by 30.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 48,619 shares of the company’s stock after selling 21,492 shares during the period. Citigroup Inc.’s holdings in Altus Power were worth $255,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AMPS. JPMorgan Chase & Co. bought a new stake in shares of Altus Power in the 1st quarter valued at $39,000. Bank of New York Mellon Corp bought a new stake in shares of Altus Power in the 1st quarter valued at $107,000. Oppenheimer & Co. Inc. increased its position in shares of Altus Power by 33.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 20,000 shares of the company’s stock valued at $149,000 after buying an additional 5,000 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of Altus Power in the 1st quarter valued at $12,973,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Altus Power in the 1st quarter valued at $1,517,000. Institutional investors and hedge funds own 46.55% of the company’s stock.
Insider Transactions at Altus Power
In other news, insider Anthony Savino sold 34,725 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $7.02, for a total transaction of $243,769.50. Following the completion of the transaction, the insider now directly owns 3,907,536 shares in the company, valued at approximately $27,430,902.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Dustin Weber sold 4,350 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $7.15, for a total value of $31,102.50. Following the completion of the sale, the chief financial officer now directly owns 1,884,926 shares in the company, valued at approximately $13,477,220.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony Savino sold 34,725 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $7.02, for a total transaction of $243,769.50. Following the completion of the sale, the insider now owns 3,907,536 shares of the company’s stock, valued at $27,430,902.72. The disclosure for this sale can be found here. Insiders sold a total of 123,673 shares of company stock worth $803,348 in the last three months. Insiders own 31.55% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on AMPS
Altus Power Trading Up 7.0 %
Altus Power stock opened at $4.77 on Thursday. The firm has a 50-day moving average of $5.96 and a 200-day moving average of $5.71. Altus Power, Inc. has a one year low of $4.08 and a one year high of $7.28. The company has a debt-to-equity ratio of 2.33, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market cap of $758.81 million, a price-to-earnings ratio of -68.13 and a beta of 0.95.
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.
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