Sherbrooke Park Advisers LLC Lowers Holdings in Altus Power, Inc. (NYSE:AMPS)

Sherbrooke Park Advisers LLC trimmed its holdings in Altus Power, Inc. (NYSE:AMPS) by 90.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,407 shares of the company’s stock after selling 114,486 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Altus Power were worth $46,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Altus Power by 11,326.2% in the fourth quarter. US Bancorp DE now owns 9,598 shares of the company’s stock valued at $39,000 after purchasing an additional 9,514 shares during the last quarter. SevenBridge Financial Group LLC purchased a new stake in Altus Power in the fourth quarter valued at $41,000. One68 Global Capital LLC purchased a new stake in Altus Power in the fourth quarter valued at $41,000. Citizens Financial Group Inc. RI purchased a new stake in Altus Power in the fourth quarter valued at $41,000. Finally, Bayesian Capital Management LP purchased a new stake in Altus Power in the fourth quarter valued at $44,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMPS has been the topic of several recent research reports. 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 report on Friday, February 7th. Roth Mkm reissued a “neutral” rating and set a $5.00 target price on shares of Altus Power in a research note on Friday, March 21st. Roth Capital lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Thursday, February 6th. Finally, UBS Group lowered shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.86.

Altus Power Stock Down 0.1%

AMPS opened at $5.00 on Thursday. Altus Power, Inc. has a twelve month low of $2.71 and a twelve month high of $5.00. 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 company has a 50-day moving average price of $4.98 and a 200 day moving average price of $4.47. The company has a market cap of $801.30 million, a PE ratio of 22.70 and a beta of 0.94.

Altus Power (NYSE:AMPS) last released its quarterly 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). Altus Power had a return on equity of 4.79% and a net margin of 19.18%. The company had revenue of $44.47 million for the quarter, compared to analyst estimates of $46.64 million. Sell-side analysts expect that Altus Power, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Altus Power news, CFO Dustin Weber sold 15,480 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $4.96, for a total value of $76,780.80. Following the completion of the sale, the chief financial officer now owns 1,966,208 shares in the company, valued at approximately $9,752,391.68. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony Savino sold 29,748 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $4.96, for a total transaction of $147,550.08. Following the completion of the sale, the insider now owns 4,030,459 shares of the company’s stock, valued at approximately $19,991,076.64. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,276 shares of company stock worth $656,089 in the last 90 days. 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.