Altus Power, Inc. (NYSE:AMPS) Insider Anthony Savino 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 on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $43,320.93. Following the completion of the sale, the insider now owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Altus Power Price Performance

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

Hedge Funds Weigh In On Altus Power

Hedge funds have recently made changes to their positions in the stock. Encompass Capital Advisors LLC grew its position in Altus Power by 20.0% during the fourth quarter. Encompass Capital Advisors LLC now owns 8,027,318 shares of the company’s stock worth $32,671,000 after buying an additional 1,336,044 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in Altus Power during the fourth quarter worth about $1,887,000. Millennium Management LLC grew its position in Altus Power by 148.3% during the fourth quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock worth $2,655,000 after buying an additional 389,605 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Altus Power by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,648,599 shares of the company’s stock worth $14,850,000 after buying an additional 263,393 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Altus Power during the third quarter worth about $425,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMPS. UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Monday, February 10th. Seaport Res Ptn lowered Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. B. Riley lowered Altus Power from a “buy” rating to a “neutral” rating and lowered their target price for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Altus Power presently has an average rating of “Hold” and a consensus price target of $5.06.

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.