Levin Capital Strategies L.P. Acquires Shares of 30,000 Altus Power, Inc. (NYSE:AMPS)

Levin Capital Strategies L.P. acquired a new stake in shares of Altus Power, Inc. (NYSE:AMPS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,000 shares of the company’s stock, valued at approximately $122,000.

Several other large investors have also recently made changes to their positions in the business. State Street Corp increased its position in shares of Altus Power by 0.6% during the 3rd quarter. State Street Corp now owns 3,682,864 shares of the company’s stock valued at $11,712,000 after purchasing an additional 21,312 shares during the last quarter. abrdn plc increased its position in shares of Altus Power by 7.3% during the 4th quarter. abrdn plc now owns 1,550,200 shares of the company’s stock valued at $6,418,000 after purchasing an additional 105,800 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Altus Power by 4.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 312,205 shares of the company’s stock valued at $993,000 after purchasing an additional 14,492 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Altus Power by 48.1% during the 4th quarter. Bank of New York Mellon Corp now owns 267,220 shares of the company’s stock valued at $1,088,000 after purchasing an additional 86,797 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Altus Power in the 3rd quarter worth about $425,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMPS has been the subject of several recent research reports. Seaport Res Ptn lowered Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. B. Riley lowered 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. UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.06.

Insider Buying and Selling at Altus Power

In related news, CFO Dustin Weber sold 9,162 shares of the business’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 value of $44,985.42. Following the completion of the sale, the chief financial officer now owns 2,002,611 shares in the company, valued at $9,832,820.01. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anthony Savino sold 8,823 shares of the business’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 value of $43,320.93. Following the completion of the sale, the insider now owns 4,088,231 shares of the company’s stock, valued at $20,073,214.21. The trade was a 0.22 % 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 in the last quarter. 24.30% of the stock is currently owned by corporate insiders.

Altus Power Stock Up 0.1 %

AMPS stock opened at $4.93 on Monday. 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 firm has a market capitalization of $791.92 million, a PE ratio of 22.39 and a beta of 1.05. Altus Power, Inc. has a twelve month low of $2.71 and a twelve month high of $7.01. The stock has a 50-day simple moving average of $4.30 and a two-hundred day simple moving average of $3.75.

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.