Quinn Opportunity Partners LLC Makes New $1.89 Million Investment in Altus Power, Inc. (NYSE:AMPS)

Quinn Opportunity Partners LLC purchased a new stake in Altus Power, Inc. (NYSE:AMPS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 463,520 shares of the company's stock, valued at approximately $1,887,000. Quinn Opportunity Partners LLC owned approximately 0.29% of Altus Power at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its holdings 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 valued at $39,000 after purchasing an additional 9,514 shares in the last quarter. HighTower Advisors LLC acquired a new position in Altus Power in the third quarter valued at approximately $41,000. Citizens Financial Group Inc. RI acquired a new position in shares of Altus Power in the 4th quarter valued at $41,000. SevenBridge Financial Group LLC acquired a new stake in shares of Altus Power during the fourth quarter worth about $41,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Altus Power during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 46.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMPS shares. B. Riley lowered Altus Power from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $6.00 to $5.00 in a research note on Friday, February 7th. Seaport Res Ptn lowered Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Roth Capital downgraded Altus Power from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upgraded Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 price objective for the company in a research report on Thursday, February 6th. Finally, Roth Mkm restated a "neutral" rating and issued a $5.00 price target on shares of Altus Power in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Altus Power has a consensus rating of "Hold" and a consensus price target of $5.13.

Insider Activity at Altus Power

In other Altus Power news, insider Anthony Savino sold 8,823 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $43,320.93. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,422 shares of company stock worth $1,093,796. 24.30% of the stock is owned by corporate insiders.

Altus Power Stock Down 0.1 %

AMPS stock traded down $0.01 during trading hours on Thursday, hitting $5.00. The company's stock had a trading volume of 5,274,621 shares, compared to its average volume of 1,747,973. The stock has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $4.17. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $5.50. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $801.30 million, a PE ratio of 22.70 and a beta of 0.94.

Altus Power (NYSE:AMPS - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The company had revenue of $44.47 million during the quarter, compared to the consensus estimate of $46.64 million. Altus Power had a net margin of 19.18% and a return on equity of 4.79%. On average, equities research analysts expect that Altus Power, Inc. will post 0.14 earnings per share for the current year.

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.