Ameresco, Inc. (NYSE:AMRC) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of Ameresco, Inc. (NYSE:AMRC) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,888 shares of the utilities provider’s stock after acquiring an additional 7,985 shares during the quarter. Algert Global LLC owned approximately 0.32% of Ameresco worth $3,942,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Ameresco during the 4th quarter valued at about $203,000. Tudor Investment Corp ET AL increased its position in Ameresco by 42.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 81,714 shares of the utilities provider’s stock worth $1,919,000 after purchasing an additional 24,166 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Ameresco by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 1,967 shares during the last quarter. Dark Forest Capital Management LP raised its stake in Ameresco by 207.3% during the fourth quarter. Dark Forest Capital Management LP now owns 29,495 shares of the utilities provider’s stock worth $693,000 after purchasing an additional 19,898 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Ameresco by 10.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 1,930 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Price Performance

Shares of AMRC stock opened at $13.08 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $39.68. The firm has a fifty day moving average of $10.94 and a two-hundred day moving average of $20.11. The firm has a market cap of $687.29 million, a P/E ratio of 13.08, a P/E/G ratio of 0.49 and a beta of 2.20.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. As a group, research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMRC shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $13.00 target price (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and cut their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Baird R W cut Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on shares of Ameresco from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ameresco presently has a consensus rating of “Hold” and an average target price of $20.33.

Insider Transactions at Ameresco

In related news, Director Francis V. Wisneski, Jr. bought 3,500 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the purchase, the director now owns 17,738 shares of the company’s stock, valued at $171,526.46. This represents a 24.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris purchased 25,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were 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 of the company’s stock, valued at approximately $9,071,974.26. The trade was a 2.62 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 80,808 shares of company stock worth $785,274. 42.00% of the stock is currently owned by insiders.

About Ameresco

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.