Altus Power, Inc. (NYSE:AMPS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Altus Power, Inc. (NYSE:AMPS) by 379.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,583 shares of the company’s stock after acquiring an additional 6,792 shares during the quarter. GAMMA Investing LLC’s holdings in Altus Power were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Encompass Capital Advisors LLC grew its stake in shares of Altus Power by 20.0% in the fourth quarter. Encompass Capital Advisors LLC now owns 8,027,318 shares of the company’s stock worth $32,671,000 after purchasing an additional 1,336,044 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Altus Power by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,648,599 shares of the company’s stock valued at $14,850,000 after purchasing an additional 263,393 shares during the last quarter. Legal & General Group Plc lifted its stake in Altus Power by 1.4% in the 4th quarter. Legal & General Group Plc now owns 1,905,722 shares of the company’s stock worth $7,756,000 after acquiring an additional 26,760 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $6,370,000 after acquiring an additional 10,450 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Altus Power by 1.2% in the 4th quarter. Northern Trust Corp now owns 686,539 shares of the company’s stock worth $2,794,000 after acquiring an additional 7,888 shares in the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

Altus Power Stock Performance

Shares of NYSE AMPS opened at $5.00 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $801.30 million, a price-to-earnings ratio of 22.70 and a beta of 0.94. The business’s 50-day simple moving average is $5.00 and its 200-day simple moving average is $4.67. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $5.00.

Insider Buying and Selling at Altus Power

In related news, insider Anthony Savino sold 29,748 shares of the firm’s 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 $147,550.08. Following the completion of the transaction, the insider now owns 4,030,459 shares in the company, valued at $19,991,076.64. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregg J. Felton sold 87,048 shares of Altus Power stock in a transaction 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 transaction, the chief executive officer now owns 3,852,712 shares of the company’s stock, 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 have sold 132,276 shares of company stock valued at $656,089 in the last 90 days. 24.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMPS shares. Roth Capital downgraded Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. Roth Mkm reaffirmed a “neutral” rating and set a $5.00 price target on shares of Altus Power in a research note on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Altus Power presently has an average rating of “Hold” and a consensus price target of $4.86.

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.