WINTON GROUP Ltd Acquires 17,144 Shares of Ameresco, Inc. (NYSE:AMRC)

WINTON GROUP Ltd grew its holdings in Ameresco, Inc. (NYSE:AMRC) by 193.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,004 shares of the utilities provider’s stock after acquiring an additional 17,144 shares during the period. WINTON GROUP Ltd’s holdings in Ameresco were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after buying an additional 196,776 shares in the last quarter. Stifel Financial Corp increased its stake in Ameresco by 35.1% in the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock worth $4,487,000 after acquiring an additional 30,718 shares during the last quarter. Barclays PLC increased its stake in Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 39,773 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Ameresco by 96.8% during the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock worth $1,060,000 after acquiring an additional 22,197 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George P. Sakellaris acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the purchase, the chief executive officer now owns 978,638 shares of the company’s stock, 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. Over the last ninety days, insiders purchased 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ameresco Stock Up 1.0 %

Shares of NYSE AMRC opened at $12.42 on Friday. Ameresco, Inc. has a 1 year low of $9.04 and a 1 year high of $39.68. The firm has a 50-day simple moving average of $16.73 and a two-hundred day simple moving average of $25.00. The company has a market cap of $652.40 million, a P/E ratio of 12.42, a PEG ratio of 0.49 and a beta of 2.07. 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 (NYSE:AMRC) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

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.