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

Graham Capital Management L.P. purchased a new position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,255 shares of the utilities provider's stock, valued at approximately $452,000.

Several other institutional investors have also recently made changes to their positions in AMRC. Barclays PLC raised its stake in Ameresco by 204.2% in the third 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 in the last quarter. Cetera Trust Company N.A raised its position in shares of Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after acquiring an additional 440 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Ameresco by 70.7% during the 4th quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider's stock worth $998,000 after purchasing an additional 17,600 shares during the last quarter. Inspire Investing LLC boosted its position in Ameresco by 58.3% during the fourth quarter. Inspire Investing LLC now owns 17,077 shares of the utilities provider's stock valued at $401,000 after purchasing an additional 6,291 shares in the last quarter. Finally, Gagnon Securities LLC grew its stake in Ameresco by 22.5% in the fourth quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider's stock valued at $13,412,000 after purchasing an additional 104,861 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Trading Down 0.7%

NYSE AMRC traded down $0.11 on Wednesday, reaching $14.56. 75,642 shares of the company were exchanged, compared to its average volume of 509,587. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The business's fifty day moving average price is $11.70 and its 200 day moving average price is $18.95. The stock has a market capitalization of $764.73 million, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68.

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

Insiders Place Their Bets

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

Analyst Ratings Changes

AMRC has been the topic of several recent analyst reports. Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird reaffirmed a "neutral" rating and issued a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. UBS Group lowered Ameresco from a "buy" rating to a "sell" rating and cut their price target for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average 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.