Tudor Investment Corp ET AL Sells 46,081 Shares of Ameresco, Inc. $AMRC

Key Points

• Tudor Investment Corp cut its Ameresco stake by 39.5%, selling 46,081 shares in Q3 and now holds 70,600 shares worth about $2.37M (≈0.13% of the company).
• Director sale and insider activity: Director Nickolas Stavropoulos sold 15,700 shares at $34.15 (≈$536,155), trimming his stake by 52.7%; insiders have sold 17,020 shares in the last 90 days and now own about 44.96% of the stock.
• Performance and outlook: Ameresco beat the quarter with $0.39 EPS vs $0.32 expected and revenue of $581.0M (+9.1% YoY); analysts have a consensus "Moderate Buy" and an average target of $39 while the stock trades near $26.47.

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

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in Ameresco during the third quarter valued at about $50,000. Tower Research Capital LLC TRC boosted its position in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ameresco in the 3rd quarter worth about $76,000. Nkcfo LLC bought a new position in shares of Ameresco during the third quarter valued at approximately $107,000. Finally, Creative Planning purchased a new stake in shares of Ameresco in the 2nd quarter worth approximately $153,000. Institutional investors own 99.24% of the company's stock.

Insider Buying and Selling

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the transaction, the director directly owned 14,111 shares in the company, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is owned by corporate insiders.

Ameresco Price Performance

Shares of Ameresco stock opened at $26.47 on Friday. The stock has a 50 day moving average of $28.60 and a 200 day moving average of $32.18. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.40 billion, a PE ratio of 31.89, a PEG ratio of 2.18 and a beta of 2.61. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $581.03 million for the quarter, compared to analysts' expectations 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 prior year, the company earned $0.88 EPS. On average, research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. William Blair raised shares of Ameresco to a "hold" rating in a research report on Tuesday, January 27th. UBS Group dropped their price target 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. Wall Street Zen cut shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, January 10th. Canaccord Genuity Group lifted their price target on shares of Ameresco from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Ameresco in a research note on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Ameresco Company Profile

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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