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 Ameresco, Inc. (NYSE:AMRC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of 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 purchasing an additional 196,776 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Ameresco in the third quarter valued at about $6,319,000. Redwood Grove Capital LLC lifted its stake in shares of Ameresco by 41.9% in the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock valued at $18,966,000 after purchasing an additional 147,642 shares during the period. Finally, Gagnon Securities LLC lifted its stake in shares of Ameresco by 22.5% in the fourth 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 period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

Ameresco stock opened at $13.45 on Monday. Ameresco, Inc. has a 1 year low of $9.04 and a 1 year high of $39.68. The firm has a 50 day moving average price of $17.86 and a 200 day moving average price of $25.60. The company 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. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

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

Insiders Place Their Bets

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly owns 17,225 shares in the company, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George P. Sakellaris acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the purchase, the chief executive officer now owns 903,638 shares of the company’s stock, valued at $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on AMRC shares. Stifel Nicolaus reduced their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Robert W. Baird cut their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and cut their target price for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Finally, Canaccord Genuity Group cut their target price on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and an average target price 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.