Ameresco, Inc. (NYSE:AMRC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 39.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,328 shares of the utilities provider's stock after selling 64,685 shares during the period. Jane Street Group LLC owned approximately 0.19% of Ameresco worth $2,309,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Barclays PLC increased its position in Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock valued at $2,248,000 after acquiring an additional 39,773 shares during the last quarter. Cetera Trust Company N.A increased its position in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after acquiring an additional 440 shares during the last quarter. SG Americas Securities LLC increased its position in Ameresco by 70.7% during the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider's stock valued at $998,000 after acquiring an additional 17,600 shares during the last quarter. Inspire Investing LLC increased 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 acquiring an additional 6,291 shares during the last quarter. Finally, Gagnon Securities LLC increased its position in Ameresco by 22.5% during the fourth quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider's stock valued at $13,412,000 after acquiring an additional 104,861 shares during the last quarter. Institutional investors own 99.24% of the company's stock.

Insider Buying and Selling

In other news, CEO George P. Sakellaris purchased 50,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $9.96 per share, with a total value of $498,000.00. Following the completion of the transaction, the chief executive officer now owns 903,638 shares in the company, valued at $9,000,234.48. This represents a 5.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the business's 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 acquisition, the director now owns 17,738 shares of the company's stock, valued at approximately $171,526.46. This represents a 24.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 80,808 shares of company stock valued at $785,274 over the last three months. 42.00% of the stock is owned by company insiders.

Ameresco Stock Down 2.0%

NYSE:AMRC traded down $0.30 during mid-day trading on Monday, reaching $14.66. The company's stock had a trading volume of 381,858 shares, compared to its average volume of 511,685. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68. The stock has a fifty day moving average of $11.52 and a 200-day moving average of $19.10. The firm has a market capitalization of $770.25 million, a PE ratio of 14.66, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, topping 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 company had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMRC shares. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Baird R W cut shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird reissued a "neutral" rating and set a $13.00 target price (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group boosted their target price on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ameresco has an average rating of "Hold" and a consensus price target of $20.17.

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.