Alpha DNA Investment Management LLC Buys New Stake in Ameresco, Inc. (NYSE:AMRC)

Alpha DNA Investment Management LLC purchased a new position in shares of Ameresco, Inc. (NYSE:AMRC) during the fourth quarter, Holdings Channel reports. The fund purchased 16,287 shares of the utilities provider’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also modified their holdings of AMRC. DnB Asset Management AS lifted its stake in Ameresco by 59.6% during the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after acquiring an additional 229,128 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Ameresco by 87.7% during the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock worth $9,888,000 after purchasing an additional 196,776 shares in the last quarter. Gagnon Securities LLC boosted its stake in shares of 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 period. ExodusPoint Capital Management LP acquired a new position in shares of Ameresco in the fourth quarter valued at approximately $1,849,000. Finally, Invesco Ltd. increased its stake in Ameresco by 29.8% during the 4th quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider’s stock worth $7,560,000 after buying an additional 73,928 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George P. Sakellaris acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $9.96 per share, for a total transaction 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. The trade was a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Corporate insiders own 42.00% of the company’s stock.

Ameresco Trading Down 1.4 %

NYSE AMRC opened at $10.04 on Friday. The firm’s fifty day moving average price is $12.91 and its 200 day moving average price is $22.14. Ameresco, Inc. has a 12 month low of $9.00 and a 12 month high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The company has a market capitalization of $527.72 million, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. On average, sell-side analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and decreased their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. 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. Stifel Nicolaus reduced their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Baird R W downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Canaccord Genuity Group reduced their target price on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.86.

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.