Altus Power Inc.’s filing revealed that its COFOUNDER,CHIEF CONST. OFFICER Savino Anthony unloaded Company’s shares for reported $34965.0 on Feb 16. In the deal valued at $7.40 per share,4,725 shares were sold. As a result of this transaction, Savino Anthony now holds 3,871,708 shares worth roughly $ 24.78 million.
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Then, Weber Dustin sold 4,470 shares, generating $33,078 in total proceeds. Upon selling the shares at $7.40, the CHIEF FINANCIAL OFFICER now owns 2,009,568 shares.
Before that, GSO Altus Holdings LP sold 7,000,000 shares. Altus Power Inc. shares valued at $77,070,000 were divested by the 10% Owner at a price of $11.01 per share. As a result of the transaction, GSO Altus Holdings LP now holds 21,825,125 shares, worth roughly $139.68 million.
Morgan Stanley upgraded its Altus Power Inc. [AMPS] rating to an Overweight from a an Equal-weight in a research note published on Monday. PT values the company’s stock at a premium of 46.67 to its Monday closing price. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. JP Morgan also remained covering AMPS and has increased its forecast on November 14, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. UBS started covering the stock on October 25, 2022. It rated AMPS as “a Buy”.
Price Performance Review of AMPS
On Monday, Altus Power Inc. [NYSE:AMPS] saw its stock fall -3.61% to $6.40. On the same session, the stock had its day’s lowest price of $6.33, but rose to a high of $6.80. Over the last five days, the stock has lost -10.36%. Altus Power Inc. shares have fallen nearly -1.84% since the year began. Nevertheless, the stocks have fallen -20.69% over the past one year. While a 52-week high of $14.72 was reached on 01/12/23, a 52-week low of $4.26 was recorded on 01/03/23. SMA at 50 days reached $7.39, while 200 days put it at $8.32. A total of 1.18 million shares were traded, compared to the trading of 0.87 million shares in the previous session.
Levels Of Support And Resistance For AMPS Stock
The 24-hour chart illustrates a support level at 6.22, which if violated will result in even more drops to 6.04. On the upside, there is a resistance level at 6.69. A further resistance level may holdings at 6.98. The Relative Strength Index (RSI) on the 14-day chart is 35.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.49%. Stochastics %K at 28.06% indicates the stock is a holding.
How much short interest is there in Altus Power Inc.?
A steep rise in short interest was recorded in Altus Power Inc. stocks on Jan 30, 2023, growing by 0.24 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.85 million shares. There was a rise of 7.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.76.
Altus Power Inc. [AMPS] – Who Are The Largest Shareholders?
In filings from Blackstone Alternative Credit Adv, it is revealed that the company now owns 20,775,125 shares, or roughly 13.07% of the outstanding AMPS shares. In other words, the investor’s shares have fallen by -1,050,000 from its previous 13-F filing of 21825125.0. Additionally, Invesco Capital Management LLC increased 11.87% of its stake after which the total value it holdings stand at $28,665,595. Over the last quarter, Hood River Capital Management LLC purchased 1,143,727 shares of Altus Power Inc., while Liberty Mutual Insurance Co. bought 0 shares. At present, SSgA Funds Management, Inc. is holding 2,917,912 shares valued at $19.75 million. BlackRock Fund Advisors owned 2,590,010 shares of the company at the time of its most recent 13F filing, worth $17.53 million.
According to FactSet, Altus Power Inc.’s share price will average $12.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 80.72 percent from its previous closing price of $6.64. Analysts expect Altus Power Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $10.00. However, 7 analysts have rated AMPS stock as a Buy in their predictions for 2023. The most recent change occurred on July 18, 2022 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9 price target.