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 stock in a transaction that occurred on Thursday, February 20th. The stock was 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 SEC, which is available at the SEC website.

Altus Power Stock Down 0.1 %

Shares of AMPS traded down $0.01 during trading hours on Monday, hitting $4.90. The company had a trading volume of 1,596,810 shares, compared to its average volume of 3,882,152. The company has a market capitalization of $787.12 million, a PE ratio of 22.25 and a beta of 1.05. The company’s fifty day moving average price is $4.20 and its two-hundred day moving average price is $3.70. Altus Power, Inc. has a one year low of $2.71 and a one 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMPS. US Bancorp DE lifted 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 purchasing an additional 9,514 shares during the last quarter. Iridian Asset Management LLC CT acquired a new position in shares of Altus Power during the third quarter valued at about $40,000. HighTower Advisors LLC acquired a new position in Altus Power in the 3rd quarter worth approximately $41,000. Citizens Financial Group Inc. RI acquired a new position in Altus Power in the 4th quarter worth approximately $41,000. Finally, SevenBridge Financial Group LLC acquired a new position in Altus Power in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

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