Figure 8 Investment Strategies LLC Takes $707,000 Position in Ameresco, Inc. (NYSE:AMRC)

Figure 8 Investment Strategies LLC bought a new stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,131 shares of the utilities provider's stock, valued at approximately $707,000. Figure 8 Investment Strategies LLC owned about 0.06% of Ameresco at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after buying an additional 391 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after buying an additional 2,279 shares during the last quarter. Cetera Trust Company N.A boosted its stake 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 buying an additional 440 shares during the last quarter. FMR LLC boosted its stake in shares of Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after buying an additional 3,855 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Ameresco in the 3rd quarter worth $207,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com raised Ameresco to a "sell" rating in a report on Tuesday, November 12th. Finally, Piper Sandler boosted their price target on Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.56.

Ameresco Price Performance

Shares of NYSE:AMRC traded down $0.56 during mid-day trading on Tuesday, reaching $19.06. The stock had a trading volume of 958,751 shares, compared to its average volume of 395,724. 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 company has a market cap of $999.35 million, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The business's 50 day moving average price is $23.20 and its 200 day moving average price is $28.13.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the sale, the director now owns 17,225 shares of the company's stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.00% of the company's stock.

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.