78,752 Shares in Ameresco, Inc. (NYSE:AMRC) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 78,752 shares of the utilities provider's stock, valued at approximately $1,849,000. ExodusPoint Capital Management LP owned approximately 0.15% of Ameresco as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMRC. FMR LLC boosted its stake in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after purchasing an additional 3,855 shares during the period. Verition Fund Management LLC lifted its stake in shares of Ameresco by 50.4% during the 3rd quarter. Verition Fund Management LLC now owns 11,285 shares of the utilities provider's stock worth $428,000 after acquiring an additional 3,780 shares during the last quarter. Stifel Financial Corp boosted its holdings in Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider's stock valued at $4,487,000 after acquiring an additional 30,718 shares during the period. Wellington Management Group LLP lifted 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 worth $38,126,000 after purchasing an additional 450,571 shares during the last quarter. Finally, 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 buying an additional 39,773 shares during the period. Institutional investors own 99.24% of the company's stock.

Insider Buying and Selling at Ameresco

In other Ameresco news, CEO George P. Sakellaris purchased 50,000 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the transaction, the chief executive officer now owns 903,638 shares of the company's stock, valued at $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The shares were 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 owns 17,225 shares of the company's stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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.

Analyst Ratings Changes

AMRC has been the topic of a number of analyst reports. Canaccord Genuity Group cut their price target on Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a report on Friday, February 28th. UBS Group cut shares of Ameresco from a "buy" rating to a "sell" rating and lowered their price target for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Robert W. Baird decreased their target price on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.57.

Ameresco Price Performance

NYSE AMRC traded up $0.19 during trading hours on Monday, reaching $10.18. The company's stock had a trading volume of 45,721 shares, compared to its average volume of 486,226. Ameresco, Inc. has a 1-year low of $9.00 and a 1-year high of $39.68. The firm has a market capitalization of $534.87 million, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.49 and a beta of 2.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The company's 50-day moving average is $13.96 and its two-hundred day moving average is $22.89.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million for the quarter, compared to analysts' expectations of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. On average, equities analysts predict that Ameresco, Inc. will post 1.15 EPS 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.