Insider Selling: Altus Power, Inc. (NYSE:AMPS) CEO Sells 71,161 Shares of Stock

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton sold 71,161 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $349,400.51. Following the completion of the sale, the chief executive officer now directly owns 4,023,696 shares in the company, valued at $19,756,347.36. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Altus Power Stock Up 0.1 %

Shares of Altus Power stock opened at $4.93 on Thursday. The stock has a market capitalization of $791.92 million, a price-to-earnings ratio of 22.39 and a beta of 1.05. Altus Power, Inc. has a twelve month low of $2.71 and a twelve month 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. The business’s 50 day simple moving average is $4.24 and its 200-day simple moving average is $3.72.

Wall Street Analysts Forecast Growth

AMPS has been the topic of a number of recent analyst reports. Seaport Res Ptn lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. B. Riley cut Altus Power from a “buy” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $5.00 in a research note on Friday, February 7th. UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.06.

Institutional Investors Weigh In On Altus Power

Several large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Altus Power by 27.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,699 shares of the company’s stock worth $1,570,000 after acquiring an additional 83,911 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Altus Power by 51.3% during the 4th quarter. Squarepoint Ops LLC now owns 107,859 shares of the company’s stock valued at $439,000 after purchasing an additional 36,550 shares during the period. ProShare Advisors LLC boosted its stake in Altus Power by 11.5% during the 4th quarter. ProShare Advisors LLC now owns 49,869 shares of the company’s stock valued at $203,000 after purchasing an additional 5,143 shares during the period. Millennium Management LLC grew 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Altus Power by 13.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,121 shares of the company’s stock valued at $249,000 after purchasing an additional 7,428 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

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.