Fox Run Management L.L.C. Invests $778,000 in Ameresco, Inc. (NYSE:AMRC)

Fox Run Management L.L.C. bought a new position in shares of Ameresco, Inc. (NYSE:AMRC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,136 shares of the utilities provider’s stock, valued at approximately $778,000.

A number of other institutional investors have also made changes to their positions in AMRC. Victory Capital Management Inc. acquired a new position in shares of Ameresco during the third quarter worth $870,000. Intech Investment Management LLC acquired a new position in shares of Ameresco during the third quarter worth $359,000. Landscape Capital Management L.L.C. acquired a new position in shares of Ameresco during the third quarter worth $349,000. Algert Global LLC lifted its position in shares of Ameresco by 34.2% during the third quarter. Algert Global LLC now owns 159,903 shares of the utilities provider’s stock worth $6,067,000 after purchasing an additional 40,720 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Ameresco by 4.4% in the third quarter. Daiwa Securities Group Inc. now owns 90,700 shares of the utilities provider’s stock valued at $3,441,000 after acquiring an additional 3,800 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $9.67 per share, with a total value of $33,845.00. Following the acquisition, the director now owns 17,738 shares of the company’s stock, valued at $171,526.46. The trade was a 24.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George P. Sakellaris purchased 25,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $9.27 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 978,638 shares in the company, valued at $9,071,974.26. The trade was a 2.62 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is currently owned by insiders.

Ameresco Stock Up 5.1 %

AMRC stock opened at $13.45 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. Ameresco, Inc. has a 1-year low of $9.04 and a 1-year high of $39.68. The firm has a fifty day moving average price of $17.86 and a two-hundred day moving average price of $25.60. The firm has a market cap of $706.52 million, a price-to-earnings ratio of 13.45, a PEG ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

AMRC has been the topic of several recent analyst reports. UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and cut their price target for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Canaccord Genuity Group cut their price target 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. Robert W. Baird cut their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus cut their price target 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.63.

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.