19,255 Shares in Ameresco, Inc. (NYSE:AMRC) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,255 shares of the utilities provider's stock, valued at approximately $452,000.

A number of other institutional investors also recently added to or reduced their stakes in AMRC. Deutsche Bank AG lifted its holdings in shares of Ameresco by 45.5% in the 4th quarter. Deutsche Bank AG now owns 33,535 shares of the utilities provider's stock valued at $787,000 after buying an additional 10,483 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of Ameresco by 23.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 238,002 shares of the utilities provider's stock worth $5,588,000 after purchasing an additional 44,442 shares during the period. Captrust Financial Advisors lifted its stake in shares of Ameresco by 25.4% in the fourth quarter. Captrust Financial Advisors now owns 22,131 shares of the utilities provider's stock valued at $520,000 after purchasing an additional 4,484 shares during the period. Bank of America Corp DE boosted its holdings in Ameresco by 6.0% during the fourth quarter. Bank of America Corp DE now owns 196,592 shares of the utilities provider's stock worth $4,616,000 after buying an additional 11,163 shares in the last quarter. Finally, Algert Global LLC grew its position in Ameresco by 5.0% during the fourth quarter. Algert Global LLC now owns 167,888 shares of the utilities provider's stock worth $3,942,000 after buying an additional 7,985 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

Insiders Place Their Bets

In other Ameresco news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the acquisition, the director now directly owns 17,738 shares of the company's stock, valued at $171,526.46. This trade represents a 24.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George P. Sakellaris bought 25,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief executive officer now owns 978,638 shares in the company, valued at $9,071,974.26. This represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,808 shares of company stock worth $785,274 over the last quarter. 42.00% of the stock is owned by corporate insiders.

Ameresco Trading Down 2.0%

Shares of AMRC traded down $0.30 on Monday, hitting $14.66. 381,858 shares of the stock traded hands, compared to its average volume of 511,685. The stock's 50 day moving average is $11.52 and its two-hundred day moving average is $19.10. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $770.25 million, a P/E ratio of 14.66, a P/E/G ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. UBS Group downgraded Ameresco from a "buy" rating to a "sell" rating and cut their price objective for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Piper Sandler set a $21.00 target price on Ameresco and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group raised their price target on Ameresco from $27.00 to $29.00 and gave the stock a "buy" 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.17.

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.