ANTIPODES PARTNERS Ltd Grows Stock Position in Altus Power, Inc. (NYSE:AMPS)

ANTIPODES PARTNERS Ltd increased its holdings in shares of Altus Power, Inc. (NYSE:AMPS) by 59.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,181 shares of the company’s stock after purchasing an additional 36,911 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Altus Power were worth $404,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in shares of Altus Power in the 3rd quarter worth about $286,000. Intech Investment Management LLC purchased a new position in shares of Altus Power in the 3rd quarter worth about $86,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Altus Power by 4.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 312,205 shares of the company’s stock worth $993,000 after purchasing an additional 14,492 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Altus Power by 798.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock worth $234,000 after purchasing an additional 65,327 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of Altus Power in the 3rd quarter worth about $41,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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 report on Thursday, February 6th. B. Riley downgraded Altus Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Seaport Res Ptn downgraded Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price for the company. in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.06.

Altus Power Price Performance

AMPS stock opened at $4.93 on Thursday. Altus Power, Inc. has a 1 year low of $2.71 and a 1 year high of $6.24. The stock has a 50-day simple moving average of $4.43 and a 200-day simple moving average of $3.86. 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 $791.92 million, a P/E ratio of 22.39 and a beta of 0.98.

Insider Buying and Selling at Altus Power

In other Altus Power news, insider Anthony Savino sold 8,823 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $43,320.93. Following the completion of the sale, the insider now owns 4,088,231 shares in the company, valued at $20,073,214.21. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dustin Weber sold 9,162 shares of the firm’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 $44,985.42. Following the sale, the chief financial officer now owns 2,002,611 shares of the company’s stock, valued at approximately $9,832,820.01. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,146 shares of company stock worth $437,707 in the last 90 days. 24.30% of the stock is owned by corporate insiders.

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.