Bouvel Investment Partners LLC increased its position in Altus Power, Inc. (NYSE:AMPS – Free Report) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 305,673 shares of the company’s stock after acquiring an additional 8,295 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Altus Power were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the company. Triad Investment Management grew its holdings in Altus Power by 48.2% during the first quarter. Triad Investment Management now owns 58,023 shares of the company’s stock valued at $277,000 after purchasing an additional 18,879 shares during the period. Tower Research Capital LLC TRC grew its holdings in Altus Power by 805.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,193 shares of the company’s stock valued at $76,000 after purchasing an additional 9,957 shares during the period. Olympiad Research LP grew its holdings in Altus Power by 8.2% during the fourth quarter. Olympiad Research LP now owns 62,704 shares of the company’s stock valued at $428,000 after purchasing an additional 4,726 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in Altus Power by 1.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 310,000 shares of the company’s stock valued at $2,117,000 after purchasing an additional 3,000 shares during the period. Finally, Trexquant Investment LP bought a new stake in Altus Power during the fourth quarter valued at about $397,000. Institutional investors own 46.55% of the company’s stock.
Insider Transactions at Altus Power
In related news, CEO Gregg J. Felton purchased 34,139 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of $3.99 per share, for a total transaction of $136,214.61. Following the completion of the acquisition, the chief executive officer now owns 12,044,603 shares in the company, valued at approximately $48,057,965.97. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Altus Power news, CEO Gregg J. Felton bought 34,139 shares of the company’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $3.99 per share, for a total transaction of $136,214.61. Following the acquisition, the chief executive officer now directly owns 12,044,603 shares in the company, valued at $48,057,965.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregg J. Felton bought 82,576 shares of the company’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $3.90 per share, for a total transaction of $322,046.40. Following the completion of the acquisition, the chief executive officer now owns 11,977,179 shares in the company, valued at $46,710,998.10. The disclosure for this purchase can be found here. Company insiders own 24.30% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on AMPS
Altus Power Stock Performance
Shares of AMPS traded up $0.08 during midday trading on Friday, hitting $4.31. The stock had a trading volume of 93,442 shares, compared to its average volume of 1,121,236. Altus Power, Inc. has a 1 year low of $3.40 and a 1 year high of $7.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.47. The stock’s 50 day moving average is $4.09 and its 200 day moving average is $5.21.
Altus Power (NYSE:AMPS – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $40.66 million for the quarter, compared to the consensus estimate of $39.13 million. Altus Power had a negative net margin of 4.48% and a negative return on equity of 1.37%. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Research analysts anticipate that Altus Power, Inc. will post -0.07 earnings per share for the current fiscal year.
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.
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