Tudor Investment Corp ET AL Has $1.92 Million Position in Ameresco, Inc. (NYSE:AMRC)

Tudor Investment Corp ET AL lifted its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 42.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,714 shares of the utilities provider's stock after purchasing an additional 24,166 shares during the quarter. Tudor Investment Corp ET AL owned about 0.16% of Ameresco worth $1,919,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Ameresco during the 4th quarter worth about $146,000. Cetera Trust Company N.A increased its stake in shares of Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after buying an additional 440 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Ameresco during the 4th quarter worth $244,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ameresco during the 4th quarter worth about $259,000. Finally, Intech Investment Management LLC increased its stake in Ameresco by 31.5% in the fourth quarter. Intech Investment Management LLC now owns 12,447 shares of the utilities provider's stock valued at $292,000 after purchasing an additional 2,983 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Insider Activity at Ameresco

In related news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the company'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 in the company, valued at $171,526.46. This trade represents a 24.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris purchased 25,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now owns 978,638 shares of the company's stock, valued at approximately $9,071,974.26. This trade represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 80,808 shares of company stock valued at $785,274. Corporate insiders own 42.00% of the company's stock.

Ameresco Stock Performance

Ameresco stock traded up $0.18 during mid-day trading on Friday, hitting $13.37. 462,527 shares of the company's stock traded hands, compared to its average volume of 513,187. 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, Inc. has a one year low of $8.49 and a one year high of $39.68. The firm has a 50 day moving average price of $11.00 and a 200 day moving average price of $19.93. The company has a market cap of $702.47 million, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15. The firm 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%. Ameresco's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) earnings per share. On average, equities analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMRC shares. Stifel Nicolaus cut their target price on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ameresco currently has a consensus rating of "Hold" and a consensus target price of $20.33.

Ameresco 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.