Altus Power, Inc. (NYSE:AMPS) Short Interest Update

Altus Power, Inc. (NYSE:AMPS) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 5,080,000 shares, a decline of 34.0% from the January 31st total of 7,700,000 shares. Based on an average daily volume of 2,720,000 shares, the short-interest ratio is presently 1.9 days. Currently, 4.8% of the shares of the company are short sold.

Insider Buying and Selling at Altus Power

In other Altus Power news, CEO Gregg J. Felton sold 71,161 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $349,400.51. Following the completion of the sale, the chief executive officer now owns 4,023,696 shares of the company’s stock, valued at $19,756,347.36. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anthony Savino sold 8,823 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $43,320.93. Following the completion of the sale, the insider now directly owns 4,088,231 shares of the company’s stock, valued at $20,073,214.21. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,146 shares of company stock valued at $437,707 in the last quarter. Company insiders own 24.30% of the company’s stock.

Institutional Investors Weigh In On Altus Power

Hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its holdings in shares of Altus Power by 11,326.2% during the 4th quarter. US Bancorp DE now owns 9,598 shares of the company’s stock valued at $39,000 after acquiring an additional 9,514 shares in the last quarter. SevenBridge Financial Group LLC bought a new position in Altus Power in the 4th quarter valued at approximately $41,000. One68 Global Capital LLC bought a new position in Altus Power in the 4th quarter valued at approximately $41,000. Citizens Financial Group Inc. RI bought a new position in Altus Power in the 4th quarter valued at approximately $41,000. Finally, Bayesian Capital Management LP bought a new position in Altus Power in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AMPS shares. 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. B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $6.00 to $5.00 in a research report on Friday, February 7th. Seaport Res Ptn downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.06.

Altus Power Price Performance

Shares of Altus Power stock traded down $0.01 during midday trading on Tuesday, hitting $4.94. 1,734,397 shares of the company traded hands, compared to its average volume of 3,625,996. The stock has a market cap of $793.53 million, a price-to-earnings ratio of 22.43 and a beta of 1.05. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s fifty day moving average price is $4.33 and its 200-day moving average price is $3.78. Altus Power has a 12 month low of $2.71 and a 12 month high of $6.89.

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.