Figure 8 Investment Strategies LLC Purchases Shares of 30,131 Ameresco, Inc. (NYSE:AMRC)

Figure 8 Investment Strategies LLC acquired a new stake in Ameresco, Inc. (NYSE:AMRC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,131 shares of the utilities provider’s stock, valued at approximately $707,000. Figure 8 Investment Strategies LLC owned approximately 0.06% of Ameresco at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMRC. Blue Trust Inc. lifted its stake in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares in the last quarter. FMR LLC lifted its position in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 3,855 shares in the last quarter. PFG Investments LLC purchased a new position in Ameresco during the third quarter worth about $207,000. Finally, Cetera Trust Company N.A grew its position in 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 purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $19.07 on Friday. The stock has a market cap of $999.93 million, a P/E ratio of 19.07, a P/E/G ratio of 0.55 and a beta of 1.79. 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 50 day moving average of $23.51 and a 200 day moving average of $28.31. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68.

Insider Activity

In other Ameresco news, 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 transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMRC. StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Piper Sandler lifted their target price on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus upped their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.56.

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.