EntryPoint Capital LLC Purchases New Stake in Ameresco, Inc. (NYSE:AMRC)

EntryPoint Capital LLC acquired a new stake in shares of Ameresco, Inc. (NYSE:AMRC) during the fourth quarter, Holdings Channel reports. The fund acquired 12,592 shares of the utilities provider’s stock, valued at approximately $296,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,279 shares in the last quarter. FMR LLC grew its position 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 acquiring an additional 3,855 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Ameresco in the 4th quarter valued at approximately $146,000. Cetera Trust Company N.A raised its position in shares of Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 440 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in Ameresco during the third quarter worth $275,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameresco

In other news, CEO George P. Sakellaris acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $9.27 per share, for a total transaction 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. This represents a 2.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now directly owns 17,225 shares in the company, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 80,808 shares of company stock valued at $785,274 and have sold 40,085 shares valued at $843,378. 42.00% of the stock is owned by corporate insiders.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $12.33 on Friday. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68. 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 $647.67 million, a PE ratio of 12.33, a P/E/G ratio of 0.49 and a beta of 2.07. The stock has a 50 day simple moving average of $16.95 and a 200-day simple moving average of $25.17.

Ameresco (NYSE:AMRC) last released its quarterly earnings results 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. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. On average, equities research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several recent research reports. 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 dropped their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research note 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 Ameresco from a “buy” rating to a “sell” rating and lowered their target price for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.63.

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.