Ameresco, Inc. (NYSE:AMRC) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,002 shares of the utilities provider's stock after purchasing an additional 44,442 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.45% of Ameresco worth $5,588,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. First Eagle Investment Management LLC increased its stake in Ameresco by 87.7% in 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 during the period. Vanguard Group Inc. boosted its holdings in shares of Ameresco by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock valued at $74,767,000 after acquiring an additional 37,359 shares in the last quarter. Barclays PLC increased its stake in shares of Ameresco by 204.2% during the third 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 period. Victory Capital Management Inc. lifted its position in Ameresco by 96.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock valued at $1,060,000 after purchasing an additional 22,197 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Ameresco by 29.8% during the 4th quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock worth $7,560,000 after buying an additional 73,928 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Price Performance

Shares of NYSE AMRC traded down $0.95 on Thursday, hitting $13.21. The company's stock had a trading volume of 111,820 shares, compared to its average volume of 508,129. The stock has a 50 day moving average of $11.77 and a 200-day moving average of $18.91. The company has a market capitalization of $694.22 million, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a 12-month low of $8.49 and a 12-month high of $39.68. 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 - Get Free Report) last posted its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.15. The firm had revenue of $352.83 million for 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%. Ameresco's revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of recent analyst reports. Baird R W lowered Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. UBS Group cut shares of Ameresco from a "buy" rating to a "sell" rating and lowered their price target for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Robert W. Baird reiterated a "neutral" rating and issued a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Stifel Nicolaus decreased their price objective on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, 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, May 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.17.

Insider Buying and Selling

In related news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, with a total value of $33,845.00. Following the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George P. Sakellaris bought 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,638 shares of the company's stock, valued at approximately $9,000,234.48. The trade was a 5.86% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 80,808 shares of company stock worth $785,274. 42.00% of the stock is owned by corporate 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.