58,089 Shares in Altus Power, Inc. (NYSE:AMPS) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in shares of Altus Power, Inc. (NYSE:AMPSFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,089 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMPS. Spinnaker Trust purchased a new stake in Altus Power in the fourth quarter valued at approximately $69,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Altus Power by 196.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,319 shares of the company’s stock valued at $70,000 after acquiring an additional 8,826 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Altus Power in the fourth quarter worth $72,000. Clear Street Markets LLC purchased a new position in shares of Altus Power during the third quarter worth $98,000. Finally, AXQ Capital LP boosted its holdings in 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 last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Altus Power Stock Performance

AMPS opened at $4.05 on Monday. The company has a market cap of $650.71 million, a price-to-earnings ratio of -80.98 and a beta of 0.98. The firm’s fifty day simple moving average is $4.19 and its two-hundred day simple moving average is $5.33. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.47. Altus Power, Inc. has a 52-week low of $3.40 and a 52-week high of $7.28.

Altus Power (NYSE:AMPSGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share 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 firm had revenue of $40.66 million for the quarter, compared to analyst estimates of $39.13 million. During the same period last year, the company posted ($0.05) EPS. Equities analysts anticipate that Altus Power, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Altus Power

In other news, CEO Gregg J. Felton acquired 12,500 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were bought at an average price of $4.78 per share, for a total transaction of $59,750.00. Following the acquisition, the chief executive officer now owns 11,894,603 shares of the company’s stock, valued at approximately $56,856,202.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 24.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMPS shares. B. Riley decreased their price objective on Altus Power from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Maxim Group began coverage on shares of Altus Power in a research note on Wednesday, April 10th. They set a “buy” rating and a $7.00 price objective on the stock. Roth Mkm cut their target price on shares of Altus Power from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Evercore ISI dropped their price target on shares of Altus Power from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. cut shares of Altus Power from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Check Out Our Latest Research Report on Altus Power

About Altus Power

(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.

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

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