Ameresco, Inc. $AMRC Shares Sold by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL cut its stake in Ameresco by 39.5%, selling 46,081 shares in Q3 and now holds 70,600 shares worth about $2.37 million.
• Several large institutions materially increased holdings—Wellington Management added ~2.98 million shares to hold 4.735 million (~$159M) and First Trust added ~1.68 million—leaving institutional ownership at roughly 99.24%.
• Ameresco beat quarterly estimates (EPS $0.39 vs. $0.32; revenue $581.0M, +9.1% y/y); the stock traded near $26.64 (down 2.2%), and analysts have a consensus rating of Moderate Buy with a $39 target amid mixed price‑target revisions.

Tudor Investment Corp ET AL lowered its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 39.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,600 shares of the utilities provider's stock after selling 46,081 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.13% of Ameresco worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider's stock worth $159,021,000 after acquiring an additional 2,981,689 shares during the last quarter. First Trust Advisors LP raised its position in Ameresco by 1,832.5% in the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider's stock valued at $26,965,000 after purchasing an additional 1,683,326 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ameresco by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,238,322 shares of the utilities provider's stock worth $41,584,000 after purchasing an additional 5,431 shares during the period. Royce & Associates LP boosted its stake in Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider's stock worth $32,371,000 after purchasing an additional 640,106 shares during the period. Finally, Granahan Investment Management LLC grew its position in Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider's stock worth $29,889,000 after purchasing an additional 462,875 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Stock Down 2.2%

AMRC stock opened at $26.64 on Friday. Ameresco, Inc. has a one year low of $8.49 and a one year high of $44.93. The stock has a market capitalization of $1.41 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 2.25 and a beta of 2.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.50 and a current ratio of 1.51. The company has a fifty day moving average of $30.07 and a 200-day moving average of $32.44.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The business had revenue of $581.03 million for the quarter, compared to analyst estimates of $556.09 million. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. The business's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. As a group, analysts expect 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 research reports. UBS Group dropped their price objective on shares of Ameresco from $40.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, March 13th. Canaccord Genuity Group raised their price target on Ameresco from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Wall Street Zen cut Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, January 10th. Stifel Nicolaus reaffirmed a "buy" rating and set a $38.00 price objective (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Finally, William Blair raised Ameresco to a "hold" rating in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00. Following the transaction, the director owned 14,111 shares in the company, valued at approximately $481,890.65. The trade was a 52.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is currently owned by insiders.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.

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