Ameresco, Inc. (NYSE:AMRC) Shares Purchased by Diametric Capital LP

by · The Cerbat Gem

Diametric Capital LP raised its stake in Ameresco, Inc. (NYSE:AMRC – Free Report) by 70.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,858 shares of the utilities provider’s stock after acquiring an additional 5,710 shares during the quarter. Diametric Capital LP’s holdings in Ameresco were worth $325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Ameresco in the fourth quarter valued at $146,000. Cetera Trust Company N.A increased its stake in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 440 shares during the last quarter. FMR LLC lifted its position in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ameresco during the fourth quarter worth about $259,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMRC has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. UBS Group lowered 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 report on Tuesday, March 4th. Robert W. Baird decreased their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus dropped their price objective on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.63.

Check Out Our Latest Stock Analysis on AMRC

Ameresco Stock Performance

Shares of AMRC stock opened at $11.97 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a market cap of $629.02 million, a PE ratio of 11.97, a P/E/G ratio of 0.49 and a beta of 2.07. The company’s fifty day simple moving average is $16.27 and its 200-day simple moving average is $24.64. Ameresco, Inc. has a 52 week low of $9.04 and a 52 week high of $39.68.

Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million for the quarter, compared to analysts’ expectations of $524.31 million. As a group, equities research analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price 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 in the company, valued at $171,526.46. The trade was a 24.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George P. Sakellaris acquired 25,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now owns 978,638 shares in the company, valued at $9,071,974.26. This represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is owned by company insiders.

Ameresco Company Profile

(Free Report)

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.

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