Swiss National Bank Sells 13,100 Shares of Altus Power, Inc. (NYSE:AMPS)

Swiss National Bank decreased its stake in Altus Power, Inc. (NYSE:AMPSFree Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,300 shares of the company’s stock after selling 13,100 shares during the period. Swiss National Bank owned 0.08% of Altus Power worth $856,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMPS. Spinnaker Trust bought a new stake in shares of Altus Power in the fourth quarter valued at approximately $69,000. Victory Capital Management Inc. bought a new stake in shares of Altus Power in the fourth quarter valued at approximately $72,000. Allspring Global Investments Holdings LLC raised its position in shares of Altus Power by 196.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,319 shares of the company’s stock valued at $70,000 after purchasing an additional 8,826 shares during the period. Clear Street Markets LLC bought a new stake in shares of Altus Power in the third quarter valued at approximately $98,000. Finally, AXQ Capital LP raised its position in shares of Altus Power by 25.5% in the third quarter. AXQ Capital LP now owns 21,078 shares of the company’s stock valued at $111,000 after purchasing an additional 4,278 shares during the period. Institutional investors own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMPS. JPMorgan Chase & Co. lowered shares of Altus Power from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 15th. Evercore ISI decreased their target price on shares of Altus Power from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, May 15th. Roth Mkm decreased their target price on shares of Altus Power from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $9.00 target price on shares of Altus Power in a report on Thursday, April 11th. Finally, B. Riley decreased their target price on shares of Altus Power from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.50.

Check Out Our Latest Research Report on Altus Power

Altus Power Price Performance

AMPS stock opened at $4.05 on Friday. Altus Power, Inc. has a one year low of $3.40 and a one year high of $7.28. The stock has a market cap of $650.72 million, a PE ratio of -81.00 and a beta of 0.98. The firm has a 50 day simple moving average of $4.19 and a two-hundred day simple moving average of $5.33. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.48 and a quick ratio of 1.48.

Altus Power (NYSE:AMPSGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Altus Power had a negative net margin of 4.48% and a negative return on equity of 1.37%. The company had revenue of $40.66 million during the quarter, compared to analysts’ expectations of $39.13 million. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, analysts predict that Altus Power, Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In other Altus Power news, CEO Gregg J. Felton acquired 12,500 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $4.78 per share, with a total value of $59,750.00. Following the purchase, the chief executive officer now owns 11,894,603 shares of the company’s stock, valued at $56,856,202.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.30% of the stock is owned by corporate insiders.

Altus Power Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Altus Power (NYSE:AMPS)

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