Altus Power (NYSE:AMPS) Receives “Neutral” Rating from Roth Mkm

Roth Mkm restated their neutral rating on shares of Altus Power (NYSE:AMPS) in a research report sent to investors on Friday,Benzinga reports. They currently have a $5.00 price target on the stock.

A number of other brokerages have also weighed in on AMPS. B. Riley lowered Altus Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research report on Thursday, February 6th. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report 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 price target on the stock. in a research report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.13.

Altus Power Trading Up 0.1 %

Shares of Altus Power stock opened at $4.95 on Friday. 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 business has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $3.94. Altus Power has a 1 year low of $2.71 and a 1 year high of $5.50. The company has a market capitalization of $795.14 million, a price-to-earnings ratio of 22.48 and a beta of 0.98.

Altus Power (NYSE:AMPS) last posted its earnings results 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 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. Research analysts forecast that Altus Power will post 0.14 EPS for the current year.

Insider Activity

In related news, CFO Dustin Weber sold 9,162 shares of the firm’s stock in a transaction dated 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 $9,832,820.01. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anthony Savino sold 8,823 shares of Altus Power stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $43,320.93. Following the completion of the transaction, the insider now owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,146 shares of company stock worth $437,707. 24.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMPS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Altus Power by 27.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,699 shares of the company’s stock worth $1,570,000 after purchasing an additional 83,911 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Altus Power by 51.3% during the fourth quarter. Squarepoint Ops LLC now owns 107,859 shares of the company’s stock worth $439,000 after buying an additional 36,550 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Altus Power by 11.5% during the fourth quarter. ProShare Advisors LLC now owns 49,869 shares of the company’s stock worth $203,000 after buying an additional 5,143 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Altus Power by 148.3% in the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock valued at $2,655,000 after acquiring an additional 389,605 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Altus Power by 13.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,121 shares of the company’s stock valued at $249,000 after acquiring an additional 7,428 shares in the last quarter. Institutional investors own 46.55% 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.