One68 Global Capital LLC Invests $41,000 in Altus Power, Inc. (NYSE:AMPS)

One68 Global Capital LLC purchased a new position in shares of Altus Power, Inc. (NYSE:AMPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors have also added to or reduced their stakes in the company. Magnus Financial Group LLC bought a new stake in Altus Power in the 4th quarter valued at $333,000. Pictet Asset Management Holding SA lifted its position in Altus Power by 23.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 34,656 shares of the company’s stock valued at $141,000 after acquiring an additional 6,524 shares in the last quarter. Barclays PLC lifted its position in Altus Power by 312.8% in the 3rd quarter. Barclays PLC now owns 115,987 shares of the company’s stock valued at $369,000 after acquiring an additional 87,886 shares in the last quarter. Ballentine Partners LLC bought a new stake in Altus Power in the 4th quarter valued at $112,000. Finally, Bank of New York Mellon Corp lifted its position in Altus Power by 48.1% in 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 acquiring an additional 86,797 shares in the last quarter. 46.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Roth Capital cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. UBS Group lowered shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research note on Thursday, February 6th. Roth Mkm reiterated a “neutral” rating and issued a $5.00 price target on shares of Altus Power in a research note on Friday, March 21st. Finally, B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.13.

Altus Power Price Performance

NYSE:AMPS opened at $5.00 on Wednesday. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month high of $5.50. The firm has a market capitalization of $801.30 million, a price-to-earnings ratio of 22.70 and a beta of 0.94. The stock’s 50 day moving average price is $4.96 and its two-hundred day moving average price is $4.30. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

Altus Power (NYSE:AMPS) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.28). Altus Power had a net margin of 19.18% and a return on equity of 4.79%. The business had revenue of $44.47 million during the quarter, compared to analyst estimates of $46.64 million. On average, analysts anticipate that Altus Power, Inc. will post 0.14 earnings per share for the current year.

Insider Activity

In related news, CEO Gregg J. Felton sold 87,048 shares of Altus Power stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $4.96, for a total transaction of $431,758.08. Following the completion of the sale, the chief executive officer now directly owns 3,852,712 shares of the company’s stock, valued at approximately $19,109,451.52. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dustin Weber sold 9,162 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 value of $44,985.42. Following the sale, the chief financial officer now directly owns 2,002,611 shares of the company’s stock, valued at approximately $9,832,820.01. The trade was a 0.46 % decrease in their ownership of the stock. 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 three months. Insiders own 24.30% of the company’s stock.

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.