ProShare Advisors LLC Has $203,000 Stock Position in Altus Power, Inc. (NYSE:AMPS)

ProShare Advisors LLC boosted its holdings in shares of Altus Power, Inc. (NYSE:AMPS) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,869 shares of the company’s stock after buying an additional 5,143 shares during the period. ProShare Advisors LLC’s holdings in Altus Power were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its position in Altus Power by 148.3% in the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock worth $2,655,000 after purchasing an additional 389,605 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Altus Power by 13.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,121 shares of the company’s stock worth $249,000 after purchasing an additional 7,428 shares during the last quarter. LMR Partners LLP acquired a new position in Altus Power in the 4th quarter worth about $445,000. Janus Henderson Group PLC increased its position in Altus Power by 14.4% in the 4th quarter. Janus Henderson Group PLC now owns 51,236 shares of the company’s stock worth $208,000 after purchasing an additional 6,444 shares during the last quarter. Finally, Ellevest Inc. increased its position in Altus Power by 64.1% in the 4th quarter. Ellevest Inc. now owns 22,440 shares of the company’s stock worth $91,000 after purchasing an additional 8,768 shares during the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Altus Power

In other news, CEO Gregg J. Felton sold 87,048 shares of Altus Power stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $4.96, for a total value of $431,758.08. Following the completion of the transaction, the chief executive officer now owns 3,852,712 shares in the company, valued at approximately $19,109,451.52. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony Savino sold 29,748 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $4.96, for a total value of $147,550.08. Following the sale, the insider now directly owns 4,030,459 shares of the company’s stock, valued at $19,991,076.64. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,276 shares of company stock valued at $656,089 in the last quarter. Corporate insiders own 24.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPS has been the subject 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 for the company. in a research note on Monday, February 10th. Seaport Res Ptn downgraded Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research note on Thursday, February 6th. Roth Mkm reiterated a “neutral” rating and set a $5.00 price target on shares of Altus Power in a research note on Friday, March 21st. Finally, Roth Capital downgraded Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.86.

Altus Power Price Performance

Shares of NYSE:AMPS opened at $5.00 on Monday. The business has a 50 day moving average price of $4.99 and a 200 day moving average price of $4.55. 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 price-to-earnings ratio of 22.70 and a beta of 0.94. 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 (NYSE:AMPS) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The firm had revenue of $44.47 million during the quarter, compared to analyst estimates of $46.64 million. Altus Power had a net margin of 19.18% and a return on equity of 4.79%. Research analysts predict that Altus Power, Inc. will post 0.14 earnings per share for the current year.

Altus Power 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.