Altus Power, Inc. (NYSE:AMPS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of Altus Power, Inc. (NYSE:AMPS) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,603 shares of the company’s stock after selling 3,616 shares during the period. California State Teachers Retirement System’s holdings in Altus Power were worth $304,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB bought a new position in shares of Altus Power in the fourth quarter valued at $5,298,000. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Altus Power by 38.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 428,963 shares of the company’s stock worth $2,050,000 after acquiring an additional 118,963 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Altus Power during the fourth quarter worth $397,000. Janus Henderson Group PLC lifted its holdings in shares of Altus Power by 196.6% during the first quarter. Janus Henderson Group PLC now owns 68,309 shares of the company’s stock valued at $326,000 after purchasing an additional 45,276 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Altus Power by 15.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 259,441 shares of the company’s stock valued at $1,240,000 after purchasing an additional 34,244 shares during the period. 46.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Gregg J. Felton bought 34,139 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $3.99 per share, for a total transaction of $136,214.61. Following the completion of the purchase, the chief executive officer now directly owns 12,044,603 shares of the company’s stock, valued at approximately $48,057,965.97. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Gregg J. Felton purchased 34,139 shares of Altus Power stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $3.99 per share, for a total transaction of $136,214.61. Following the acquisition, the chief executive officer now directly owns 12,044,603 shares in the company, valued at $48,057,965.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregg J. Felton purchased 82,576 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $3.90 per share, with a total value of $322,046.40. Following the purchase, the chief executive officer now owns 11,977,179 shares in the company, valued at approximately $46,710,998.10. The disclosure for this purchase can be found here. 24.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMPS shares. B. Riley upgraded Altus Power to a “strong-buy” rating in a report on Tuesday, June 25th. UBS Group reduced their price target on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Altus Power from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 15th. Seaport Res Ptn upgraded Altus Power to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Roth Mkm decreased their target price on Altus Power from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $6.63.

Altus Power Stock Performance

Shares of NYSE:AMPS opened at $2.98 on Monday. The firm has a fifty day moving average of $4.00 and a two-hundred day moving average of $4.64. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.47. Altus Power, Inc. has a 12-month low of $2.82 and a 12-month high of $7.28. The firm has a market capitalization of $478.80 million, a P/E ratio of -59.60 and a beta of 1.00.

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.