Janus Henderson Group PLC Has $208,000 Holdings in Altus Power, Inc. (NYSE:AMPS)

Janus Henderson Group PLC lifted its position in Altus Power, Inc. (NYSE:AMPS) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,236 shares of the company’s stock after purchasing an additional 6,444 shares during the quarter. Janus Henderson Group PLC’s holdings in Altus Power were worth $208,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ellevest Inc. raised its position in Altus Power by 64.1% in the fourth quarter. Ellevest Inc. now owns 22,440 shares of the company’s stock worth $91,000 after purchasing an additional 8,768 shares in the last quarter. Encompass Capital Advisors LLC grew its stake in shares of Altus Power by 20.0% in the 4th quarter. Encompass Capital Advisors LLC now owns 8,027,318 shares of the company’s stock valued at $32,671,000 after purchasing an additional 1,336,044 shares during the period. Ethic Inc. acquired a new position in shares of Altus Power in the 4th quarter worth approximately $194,000. Deutsche Bank AG lifted its position in shares of Altus Power by 67.9% during the 4th quarter. Deutsche Bank AG now owns 110,188 shares of the company’s stock worth $448,000 after buying an additional 44,548 shares during the period. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Altus Power during the 4th quarter worth approximately $53,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Roth Capital cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. B. Riley downgraded Altus Power from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $6.00 to $5.00 in a report on Friday, February 7th. UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research report on Monday, February 10th. Roth Mkm reiterated a “neutral” rating and issued a $5.00 price objective on shares of Altus Power in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.86.

Insider Buying and Selling at Altus Power

In related news, insider Anthony Savino sold 29,748 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $4.96, for a total value of $147,550.08. Following the completion of the transaction, the insider now directly owns 4,030,459 shares in the company, valued at approximately $19,991,076.64. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregg J. Felton sold 87,048 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $4.96, for a total transaction of $431,758.08. Following the sale, the chief executive officer now owns 3,852,712 shares in the company, valued at $19,109,451.52. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,276 shares of company stock valued at $656,089. 24.30% of the stock is currently owned by insiders.

Altus Power Trading Down 0.1%

AMPS stock opened at $5.00 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. Altus Power, Inc. has a twelve month low of $2.71 and a twelve month high of $5.00. The company has a market cap of $801.30 million, a P/E ratio of 22.70 and a beta of 0.94. The business has a fifty day moving average of $4.98 and a 200-day moving average of $4.50.

Altus Power (NYSE:AMPS) last released its earnings results on Monday, March 17th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.28). Altus Power had a net margin of 19.18% and a return on equity of 4.79%. The business had revenue of $44.47 million for the quarter, compared to analyst estimates of $46.64 million. As a group, equities research analysts expect that Altus Power, Inc. will post 0.14 EPS for the current 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.