Altus Power, Inc. (NYSE:AMPS) Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its stake in shares of Altus Power, Inc. (NYSE:AMPS - Free Report) by 25.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,545,004 shares of the company's stock after selling 521,728 shares during the period. CenterBook Partners LP owned about 0.96% of Altus Power worth $6,288,000 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 stock. Legal & General Group Plc raised its position in shares of Altus Power by 1.4% during the 4th quarter. Legal & General Group Plc now owns 1,905,722 shares of the company's stock worth $7,756,000 after purchasing an additional 26,760 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Altus Power by 197.9% during the fourth quarter. Bank of Montreal Can now owns 51,373 shares of the company's stock valued at $209,000 after acquiring an additional 34,129 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Altus Power by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 115,838 shares of the company's stock valued at $471,000 after acquiring an additional 9,957 shares in the last quarter. SevenBridge Financial Group LLC purchased a new position in shares of Altus Power in the fourth quarter valued at approximately $41,000. Finally, Geode Capital Management LLC boosted its stake in Altus Power by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,564,740 shares of the company's stock worth $6,370,000 after purchasing an additional 10,450 shares during the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have commented on AMPS shares. B. Riley downgraded shares of 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 report on Friday, February 7th. UBS Group downgraded Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 price objective on the stock. in a research report on Monday, February 10th. Roth Capital cut Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Seaport Res Ptn lowered Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Roth Mkm reissued a "neutral" rating and set a $5.00 price target on shares of Altus Power in a research report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.13.

Altus Power Trading Down 0.2 %

AMPS traded down $0.01 on Monday, hitting $4.99. The company had a trading volume of 1,406,287 shares, compared to its average volume of 1,730,473. The firm has a market cap of $800.50 million, a P/E ratio of 22.68 and a beta of 0.94. 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 company's fifty day moving average price is $4.91 and its 200 day moving average price is $4.15. Altus Power, Inc. has a 1 year low of $2.71 and a 1 year high of $5.50.

Altus Power (NYSE:AMPS - Get Free Report) last issued 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 business had revenue of $44.47 million during the quarter, compared to analysts' expectations of $46.64 million. Altus Power had a net margin of 19.18% and a return on equity of 4.79%. As a group, equities analysts expect that Altus Power, Inc. will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Anthony Savino sold 8,823 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $43,320.93. Following the sale, the insider now directly owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregg J. Felton sold 71,161 shares of Altus Power 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 $349,400.51. Following the completion of the transaction, the chief executive officer now owns 4,023,696 shares of the company's stock, valued at $19,756,347.36. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,422 shares of company stock worth $1,093,796 in the last quarter. 24.30% of the stock is owned by company insiders.

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.