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

Altus Power, Inc. (NYSE:AMPS) insider Anthony Savino sold 8,823 shares of the firm’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 $43,320.93. Following the transaction, the insider now directly owns 4,088,231 shares in the company, valued at $20,073,214.21. This trade represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Altus Power Stock Performance

Shares of NYSE:AMPS opened at $4.93 on Wednesday. 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 company has a market capitalization of $791.92 million, a price-to-earnings ratio of 22.39 and a beta of 1.05. The firm’s 50-day moving average is $4.22 and its 200 day moving average is $3.71. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $7.01.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Altus Power

Several hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its position in Altus Power by 11,326.2% during the fourth 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 during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Altus Power in the third quarter worth $40,000. HighTower Advisors LLC purchased a new position in shares of Altus Power in the third quarter worth $41,000. Citizens Financial Group Inc. RI acquired a new stake in Altus Power during the 4th quarter worth about $41,000. Finally, SevenBridge Financial Group LLC acquired a new stake in Altus Power during the fourth quarter worth about $41,000. Hedge funds and other 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.