Citizens Financial Group Inc. RI Takes $41,000 Position in Altus Power, Inc. (NYSE:AMPS)

Citizens Financial Group Inc. RI purchased a new stake in Altus Power, Inc. (NYSE:AMPS) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,050 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMPS. US Bancorp DE boosted its stake 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 during the last quarter. HighTower Advisors LLC acquired a new position in Altus Power in the third quarter valued at approximately $41,000. Intech Investment Management LLC bought a new position in Altus Power in the third quarter valued at approximately $86,000. Ballentine Partners LLC acquired a new stake in Altus Power during the 4th quarter worth $112,000. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Altus Power during the 4th quarter valued at $122,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Altus Power

In other Altus Power news, insider Anthony Savino sold 8,823 shares of the stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dustin Weber sold 9,162 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 $44,985.42. Following the completion of the sale, the chief financial officer now directly owns 2,002,611 shares in the company, valued at $9,832,820.01. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,146 shares of company stock valued at $437,707 over the last quarter. Corporate insiders own 24.30% of the company’s stock.

Altus Power Price Performance

NYSE AMPS opened at $4.95 on Friday. 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 stock has a market cap of $795.14 million, a price-to-earnings ratio of 22.48 and a beta of 0.98. The business has a 50 day simple moving average of $4.45 and a 200 day simple moving average of $3.88. Altus Power, Inc. has a 52-week low of $2.71 and a 52-week high of $5.50.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMPS shares. Seaport Res Ptn cut Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. B. Riley lowered Altus Power from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Friday, February 7th. UBS Group cut Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Thursday, February 6th. Five research 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 company currently has an average rating of “Hold” and a consensus target price of $5.06.

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.