Skandinaviska Enskilda Banken AB publ Sells 714,696 Shares of Altus Power, Inc. (NYSE:AMPS)

Skandinaviska Enskilda Banken AB publ cut its holdings in Altus Power, Inc. (NYSE:AMPS - Free Report) by 47.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,546 shares of the company's stock after selling 714,696 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.49% of Altus Power worth $3,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd lifted its position in Altus Power by 59.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 99,181 shares of the company's stock valued at $404,000 after acquiring an additional 36,911 shares in the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of Altus Power during the 4th quarter valued at $41,000. Levin Capital Strategies L.P. bought a new position in shares of Altus Power during the 4th quarter valued at $122,000. US Bancorp DE lifted its holdings in shares of Altus Power by 11,326.2% during the 4th quarter. US Bancorp DE now owns 9,598 shares of the company's stock valued at $39,000 after buying an additional 9,514 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Altus Power by 48.1% during the 4th quarter. Bank of New York Mellon Corp now owns 267,220 shares of the company's stock valued at $1,088,000 after buying an additional 86,797 shares during the period. 46.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMPS has been the topic of several research analyst reports. UBS Group cut Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 price target on the stock. in a report on Monday, February 10th. 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 report on Thursday, February 6th. Seaport Res Ptn cut Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, B. Riley cut Altus Power from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.06.

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Insider Buying and Selling at Altus Power

In related news, CFO Dustin Weber sold 9,162 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $44,985.42. Following the completion of the sale, the chief financial officer now owns 2,002,611 shares in the company, valued at approximately $9,832,820.01. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony Savino sold 8,823 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $43,320.93. Following the completion of the transaction, the insider now directly owns 4,088,231 shares of the company's stock, valued at $20,073,214.21. This trade represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,146 shares of company stock worth $437,707 over the last 90 days. Company insiders own 24.30% of the company's stock.

Altus Power Trading Up 0.1 %

AMPS traded up $0.01 on Thursday, hitting $4.95. The company had a trading volume of 1,345,205 shares, compared to its average volume of 1,537,239. The company has a market cap of $795.14 million, a PE ratio of 22.48 and a beta of 0.98. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month high of $5.50. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The business's fifty day simple moving average is $4.49 and its 200 day simple moving average is $3.92.

Altus Power (NYSE:AMPS - Get Free Report) last released 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 company had revenue of $44.47 million during the quarter, compared to analysts' expectations of $46.64 million. Altus Power had a return on equity of 4.79% and a net margin of 19.18%. 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.