MYDA Advisors LLC Buys New Position in Altus Power, Inc. (NYSE:AMPS)

MYDA Advisors LLC bought a new stake in shares of Altus Power, Inc. (NYSE:AMPSGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors have also made changes to their positions in AMPS. Inverness Counsel LLC NY bought a new position in Altus Power in the fourth quarter worth $105,000. Oppenheimer & Co. Inc. bought a new position in Altus Power in the fourth quarter worth $157,000. Trellus Management Company LLC bought a new position in Altus Power in the fourth quarter worth $359,000. Bank of America Corp DE bought a new position in Altus Power in the fourth quarter worth $418,000. Finally, Saltoro Capital LP bought a new position in Altus Power in the fourth quarter worth $444,000. Institutional investors own 89.11% of the company’s stock.

Shares of NYSE:AMPS traded up $0.19 on Wednesday, hitting $6.40. 8,756 shares of the company traded hands, compared to its average volume of 357,447. Altus Power, Inc. has a 52 week low of $4.26 and a 52 week high of $11.35. The company has a debt-to-equity ratio of 1.61, a current ratio of 10.47 and a quick ratio of 10.47. The business has a 50 day moving average price of $6.79.

Altus Power (NYSE:AMPSGet Rating) last issued its quarterly earnings results on Thursday, March 24th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $21.58 million during the quarter, compared to analysts’ expectations of $18.90 million. On average, sell-side analysts anticipate that Altus Power, Inc. will post 0.03 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. Morgan Stanley assumed coverage on Altus Power in a report on Thursday, April 7th. They issued an “equal weight” rating and a $10.50 price objective for the company. Zacks Investment Research upgraded Altus Power from a “sell” rating to a “hold” rating in a report on Tuesday, February 1st.

Altus Power Profile (Get Rating)

Altus Power, Inc operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.

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Institutional Ownership by Quarter for Altus Power (NYSE:AMPS)

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