Point72 Asset Management L.P. Has $1.19 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Point72 Asset Management L.P. lowered its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 83.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,746 shares of the utilities provider's stock after selling 252,351 shares during the quarter. Point72 Asset Management L.P. owned 0.10% of Ameresco worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMRC. KLP Kapitalforvaltning AS bought a new position in Ameresco in the fourth quarter worth $146,000. Cetera Trust Company N.A increased its holdings in Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares during the period. Lazard Asset Management LLC raised its stake in shares of Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after buying an additional 4,362 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Ameresco during the 4th quarter worth about $203,000. Finally, JCP Investment Management LLC acquired a new stake in shares of Ameresco during the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMRC shares. 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 reissued a "neutral" rating and issued a $13.00 target price (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Piper Sandler set a $21.00 target price on Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus lowered their price target on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Baird R W lowered Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.17.

Insider Activity

In related news, CEO George P. Sakellaris acquired 50,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $9.96 per share, with a total value of $498,000.00. Following the acquisition, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. The trade was a 5.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now directly owns 17,738 shares of the company's stock, valued at $171,526.46. This represents a 24.58% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 80,808 shares of company stock worth $785,274. 42.00% of the stock is owned by corporate insiders.

Ameresco Stock Down 3.4%

Shares of AMRC opened at $14.16 on Thursday. The company has a market capitalization of $744.19 million, a P/E ratio of 14.16, a PEG ratio of 0.49 and a beta of 2.20. 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, Inc. has a one year low of $8.49 and a one year high of $39.68. The business's 50 day simple moving average is $11.77 and its 200-day simple moving average is $18.91.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.15. The firm had revenue of $352.83 million during the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. As a group, sell-side analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Ameresco Company Profile

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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