Altus Power, Inc. (NYSE:AMPS) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Altus Power, Inc. (NYSE:AMPSFree Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.19% of Altus Power worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMPS. Trexquant Investment LP acquired a new stake in shares of Altus Power in the 4th quarter valued at approximately $397,000. SCP Investment LP lifted its holdings in shares of Altus Power by 28.9% in the 4th quarter. SCP Investment LP now owns 58,800 shares of the company’s stock valued at $378,000 after buying an additional 13,200 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Altus Power in the 4th quarter valued at approximately $72,000. Spinnaker Trust acquired a new stake in shares of Altus Power in the 4th quarter valued at approximately $69,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Altus Power in the 4th quarter valued at approximately $5,298,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Altus Power Trading Down 4.1 %

AMPS traded down $0.17 during trading on Wednesday, hitting $3.98. 72,583 shares of the company’s stock were exchanged, compared to its average volume of 1,151,042. Altus Power, Inc. has a 1 year low of $3.40 and a 1 year high of $7.28. The firm has a market cap of $639.47 million, a P/E ratio of -78.58 and a beta of 0.98. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.47. The stock has a 50 day moving average price of $4.24 and a 200 day moving average price of $5.35.

Altus Power (NYSE:AMPSGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Altus Power had a negative return on equity of 1.37% and a negative net margin of 4.48%. The business had revenue of $40.66 million for the quarter, compared to the consensus estimate of $39.13 million. During the same period last year, the business posted ($0.05) EPS. As a group, analysts expect that Altus Power, Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

AMPS has been the topic of several research reports. Evercore ISI lowered their target price on Altus Power from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, May 15th. Maxim Group began coverage on shares of Altus Power in a research report on Wednesday, April 10th. They issued a “buy” rating and a $7.00 price target on the stock. JPMorgan Chase & Co. lowered Altus Power from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 15th. B. Riley dropped their price target on Altus Power from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $9.00 target price on shares of Altus Power in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.50.

Get Our Latest Research Report on Altus Power

Insider Buying and Selling

In other Altus Power news, CEO Gregg J. Felton acquired 12,500 shares of the stock in a transaction on Thursday, March 28th. The stock was purchased at an average price of $4.78 per share, for a total transaction of $59,750.00. Following the purchase, the chief executive officer now directly owns 11,894,603 shares in the company, valued at $56,856,202.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 24.30% of the stock is currently owned by 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.

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

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