Fox Run Management L.L.C. Makes New Investment in Ameresco, Inc. (NYSE:AMRC)

Fox Run Management L.L.C. purchased a new position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,136 shares of the utilities provider's stock, valued at approximately $778,000. Fox Run Management L.L.C. owned 0.06% of Ameresco as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMRC. Wellington Management Group LLP grew its stake in Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock worth $38,126,000 after purchasing an additional 450,571 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after acquiring an additional 196,776 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Ameresco in the third quarter worth approximately $6,319,000. Redwood Grove Capital LLC grew its holdings in Ameresco by 41.9% during the 3rd quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider's stock worth $18,966,000 after acquiring an additional 147,642 shares in the last quarter. Finally, Gagnon Securities LLC increased its position in shares of Ameresco by 22.5% in the 4th 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 last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now directly owns 17,738 shares in the company, valued at approximately $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 link. Also, CEO George P. Sakellaris bought 25,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $9.27 per share, for a total transaction of $231,750.00. Following the transaction, the chief executive officer now directly owns 978,638 shares in the company, valued at $9,071,974.26. This trade represents a 2.62 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 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 Stock Performance

NYSE:AMRC traded down $0.10 during trading hours on Thursday, reaching $12.24. 112,999 shares of the company's stock were exchanged, compared to its average volume of 669,114. 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 firm has a market capitalization of $642.89 million, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.49 and a beta of 2.07. Ameresco, Inc. has a 1-year low of $9.04 and a 1-year high of $39.68. The company has a 50-day moving average of $17.19 and a 200 day moving average of $25.26.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. The firm 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%. Research analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on AMRC shares. Canaccord Genuity Group lowered their target price on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus cut their target price on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird decreased their target price on Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Finally, UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and dropped their price target for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.63.

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.