23,402 Shares in Altus Power, Inc. (NYSE:AMPS) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV bought a new position in Altus Power, Inc. (NYSE:AMPS) in the 4th quarter, Holdings Channel.com reports. The fund bought 23,402 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its position in shares of Altus Power by 11,326.2% in the 4th quarter. US Bancorp DE now owns 9,598 shares of the company’s stock worth $39,000 after purchasing an additional 9,514 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in shares of Altus Power in the 4th quarter worth about $41,000. One68 Global Capital LLC bought a new stake in shares of Altus Power in the 4th quarter worth about $41,000. Citizens Financial Group Inc. RI bought a new stake in shares of Altus Power in the 4th quarter worth about $41,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Altus Power in the 4th quarter worth about $53,000. Institutional investors own 46.55% of the company’s stock.

Altus Power Trading Down 0.1%

Shares of NYSE:AMPS opened at $5.00 on Friday. The company has a 50 day moving average of $4.98 and a 200-day moving average of $4.44. The firm has a market cap of $801.30 million, a P/E ratio of 22.70 and a beta of 0.94. Altus Power, Inc. has a twelve month low of $2.71 and a twelve month high of $5.00. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10.

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

Insider Transactions at Altus Power

In related news, insider Anthony Savino sold 8,823 shares of the business’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 value of $43,320.93. Following the sale, the insider now directly owns 4,088,231 shares in the company, valued at $20,073,214.21. The trade was a 0.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregg J. Felton sold 87,048 shares of the business’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 $431,758.08. Following the completion of the sale, the chief executive officer now owns 3,852,712 shares in the company, valued at $19,109,451.52. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 221,422 shares of company stock valued at $1,093,796. Company insiders own 24.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPS has been the subject of several research reports. Roth Capital lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th. B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $5.00 in a report on Friday, February 7th. UBS Group lowered shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a report on Monday, February 10th. Roth Mkm reaffirmed a “neutral” rating and issued a $5.00 price target on shares of Altus Power in a report on Friday, March 21st. Finally, Seaport Res Ptn lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Altus Power presently has an average rating of “Hold” and a consensus target price of $4.86.

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.