Altus Power, Inc. (NYSE:AMPS) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its position in shares of Altus Power, Inc. (NYSE:AMPS) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,176 shares of the company’s stock after selling 24,615 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.13% of Altus Power worth $839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE increased its holdings in Altus Power by 11,326.2% during 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. HighTower Advisors LLC acquired a new position in Altus Power during the 3rd quarter worth $41,000. Citizens Financial Group Inc. RI acquired a new position in shares of Altus Power in the 4th quarter worth approximately $41,000. KLP Kapitalforvaltning AS bought a new stake in shares of Altus Power in the 4th quarter valued at approximately $53,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Altus Power during the 3rd quarter valued at approximately $86,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Roth Mkm reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Altus Power in a research report on Friday, March 21st. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Roth Capital lowered Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Thursday, February 6th. Seven 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 currently has an average rating of “Hold” and a consensus target price of $5.13.

Insider Buying and Selling at Altus Power

In other Altus Power news, CEO Gregg J. Felton sold 71,161 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $349,400.51. Following the completion of the transaction, the chief executive officer now directly owns 4,023,696 shares of the company’s stock, valued at approximately $19,756,347.36. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Savino sold 8,823 shares of Altus Power stock in a transaction 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 transaction, the insider now owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. This trade represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,146 shares of company stock valued at $437,707. Company insiders own 24.30% of the company’s stock.

Altus Power Stock Performance

Shares of AMPS stock opened at $4.96 on Wednesday. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month high of $5.50. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $794.89 million, a price-to-earnings ratio of 22.52 and a beta of 0.98. The business has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.04.

Altus Power (NYSE:AMPS) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.32) earnings per share (EPS) 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 business had revenue of $44.47 million during the quarter, compared to the consensus estimate of $46.64 million. On average, equities research analysts anticipate that Altus Power, Inc. will post 0.14 EPS for the current year.

About Altus Power

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.