Quinn Opportunity Partners LLC Takes Position in Altus Power, Inc. (NYSE:AMPS)

Quinn Opportunity Partners LLC purchased a new stake in shares of Altus Power, Inc. (NYSE:AMPS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 463,520 shares of the company's stock, valued at approximately $1,887,000. Quinn Opportunity Partners LLC owned approximately 0.29% of Altus Power at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMPS. Legal & General Group Plc increased its stake in shares of Altus Power by 1.4% in the 4th quarter. Legal & General Group Plc now owns 1,905,722 shares of the company's stock valued at $7,756,000 after purchasing an additional 26,760 shares in the last quarter. Bank of Montreal Can increased its position in shares of Altus Power by 197.9% in the fourth quarter. Bank of Montreal Can now owns 51,373 shares of the company's stock valued at $209,000 after buying an additional 34,129 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Altus Power by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 115,838 shares of the company's stock worth $471,000 after buying an additional 9,957 shares during the period. SevenBridge Financial Group LLC purchased a new position in shares of Altus Power during the 4th quarter valued at approximately $41,000. Finally, Geode Capital Management LLC grew its stake in Altus Power by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,564,740 shares of the company's stock valued at $6,370,000 after acquiring an additional 10,450 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

Altus Power Trading Down 0.1 %

Shares of NYSE AMPS traded down $0.01 during trading on Tuesday, hitting $5.00. 5,274,621 shares of the company were exchanged, compared to its average volume of 1,748,877. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month high of $5.50. The company has a fifty day moving average price of $4.93 and a 200-day moving average price of $4.16. The firm has a market capitalization of $801.30 million, a PE ratio of 22.70 and a beta of 0.94.

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Altus Power (NYSE:AMPS - Get Free Report) last posted its earnings results on Monday, March 17th. The company reported ($0.32) earnings per share 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%. As a group, equities research analysts expect that Altus Power, Inc. will post 0.14 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, insider Anthony Savino sold 8,823 shares of the 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 completion of the transaction, the insider now owns 4,088,231 shares of the company's stock, valued at approximately $20,073,214.21. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregg J. Felton sold 87,048 shares of the business's 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 sale, the chief executive officer now directly owns 3,852,712 shares in the company, valued at approximately $19,109,451.52. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,422 shares of company stock valued at $1,093,796 over the last quarter. 24.30% of the stock is owned by insiders.

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.