Insider Selling: Altus Power, Inc. (NYSE:AMPS) Insider Sells 8,823 Shares of Stock

Altus Power, Inc. (NYSE:AMPS) insider Anthony Savino sold 8,823 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $43,320.93. Following the transaction, the insider now owns 4,088,231 shares of the company’s stock, valued at approximately $20,073,214.21. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Altus Power Trading Down 0.1 %

NYSE AMPS opened at $4.90 on Tuesday. Altus Power, Inc. has a 1-year low of $2.71 and a 1-year high of $7.01. 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 stock has a 50-day moving average of $4.20 and a 200-day moving average of $3.70. The firm has a market cap of $787.12 million, a PE ratio of 22.25 and a beta of 1.05.

Analysts Set New Price Targets

AMPS has been the subject of a number of research reports. UBS Group cut Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Monday, February 10th. 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 report on Thursday, February 6th. Seaport Res Ptn cut Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, B. Riley cut Altus Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.06.

Institutional Investors Weigh In On Altus Power

A number of hedge funds and other institutional investors have recently modified their holdings of AMPS. Encompass Capital Advisors LLC lifted its stake in shares of Altus Power by 20.0% in the 4th quarter. Encompass Capital Advisors LLC now owns 8,027,318 shares of the company’s stock valued at $32,671,000 after acquiring an additional 1,336,044 shares during the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of Altus Power in the 4th quarter valued at about $1,887,000. Millennium Management LLC lifted its stake in shares of Altus Power by 148.3% in the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock valued at $2,655,000 after acquiring an additional 389,605 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Altus Power by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,648,599 shares of the company’s stock valued at $14,850,000 after purchasing an additional 263,393 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Altus Power during the 3rd quarter valued at approximately $425,000. Institutional investors own 46.55% of the company’s stock.

Altus Power Company 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.