WINTON GROUP Ltd Boosts Stake in Ameresco, Inc. (NYSE:AMRC)

WINTON GROUP Ltd increased its position in Ameresco, Inc. (NYSE:AMRC) by 193.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,004 shares of the utilities provider’s stock after purchasing an additional 17,144 shares during the quarter. WINTON GROUP Ltd’s holdings in Ameresco were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Ameresco during the third quarter valued at $359,000. Dynamic Technology Lab Private Ltd lifted its position in Ameresco by 57.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 14,718 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 5,370 shares during the period. FMR LLC lifted its position in Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 3,855 shares during the period. BNP Paribas Financial Markets boosted its stake in Ameresco by 17.4% during the third quarter. BNP Paribas Financial Markets now owns 85,772 shares of the utilities provider’s stock worth $3,254,000 after acquiring an additional 12,688 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Ameresco by 9.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,594 shares of the utilities provider’s stock worth $1,502,000 after purchasing an additional 3,258 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird dropped their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Canaccord Genuity Group dropped their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus reduced their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and dropped their price target for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus price target of $27.63.

Insiders Place Their Bets

In other Ameresco news, CEO George P. Sakellaris acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $9.27 per share, with a total value of $231,750.00. Following the transaction, the chief executive officer now directly owns 978,638 shares in the company, valued at approximately $9,071,974.26. The trade was a 2.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now directly owns 17,225 shares in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 80,808 shares of company stock valued at $785,274 and have sold 40,085 shares valued at $843,378. Insiders own 42.00% of the company’s stock.

Ameresco Stock Up 1.0 %

AMRC opened at $12.42 on Friday. The stock has a market capitalization of $652.40 million, a price-to-earnings ratio of 12.42, a PEG ratio of 0.49 and a beta of 2.07. The firm has a 50 day moving average price of $16.73 and a 200-day moving average price of $25.00. Ameresco, Inc. has a twelve month low of $9.04 and a twelve month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC) last announced its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Equities research analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Ameresco Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.