Jane Street Group LLC Has $2.31 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Jane Street Group LLC reduced its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 39.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,328 shares of the utilities provider's stock after selling 64,685 shares during the quarter. Jane Street Group LLC owned about 0.19% of Ameresco worth $2,309,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Ameresco by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock valued at $74,767,000 after purchasing an additional 37,359 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after purchasing an additional 214,918 shares during the period. First Trust Advisors LP lifted its stake in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock valued at $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ameresco by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider's stock valued at $17,825,000 after acquiring an additional 4,177 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Ameresco by 9.4% in the 4th quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider's stock valued at $17,666,000 after acquiring an additional 64,764 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

Shares of AMRC stock traded down $0.22 during trading on Wednesday, reaching $14.44. 34,207 shares of the company's stock were exchanged, compared to its average volume of 509,462. 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 stock has a market capitalization of $758.69 million, a PE ratio of 14.47, a PEG ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68. The firm's fifty day moving average price is $11.70 and its 200-day moving average price is $18.95.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results 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. The business had revenue of $352.83 million for the quarter, compared to analyst estimates of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Buying and Selling

In other news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $9.67 per share, with a total value of $33,845.00. Following the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George P. Sakellaris acquired 50,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the acquisition, the chief executive officer now owns 903,638 shares in the company, valued at approximately $9,000,234.48. This represents a 5.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 80,808 shares of company stock valued at $785,274. 42.00% of the stock is owned by insiders.

Analyst Ratings Changes

AMRC has been the topic of several research reports. Baird R W cut Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. 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. Robert W. Baird restated a "neutral" rating and issued a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and cut their target price for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group boosted their target price on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.