EntryPoint Capital LLC Makes New $296,000 Investment in Ameresco, Inc. (NYSE:AMRC)

EntryPoint Capital LLC purchased a new stake in Ameresco, Inc. (NYSE:AMRC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,592 shares of the utilities provider’s stock, valued at approximately $296,000.

Several other large investors have also modified their holdings of AMRC. Victory Capital Management Inc. acquired a new stake in shares of Ameresco during the third quarter valued at $870,000. Intech Investment Management LLC acquired a new stake in shares of Ameresco during the 3rd quarter worth about $359,000. Daiwa Securities Group Inc. grew its holdings in shares of Ameresco by 4.4% during the third quarter. Daiwa Securities Group Inc. now owns 90,700 shares of the utilities provider’s stock worth $3,441,000 after buying an additional 3,800 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Ameresco by 57.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 14,718 shares of the utilities provider’s stock valued at $558,000 after buying an additional 5,370 shares during the last quarter. Finally, FMR LLC lifted its stake 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 buying an additional 3,855 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired 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 in the company, valued at approximately $171,526.46. This trade represents a 24.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the sale, the director now directly owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Insiders own 42.00% of the company’s stock.

Ameresco Trading Down 0.1 %

Shares of AMRC stock opened at $12.33 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $39.68. The firm’s 50 day moving average price is $16.95 and its two-hundred day moving average price is $25.17. The stock has a market cap of $647.67 million, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping 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 analysts’ expectations of $524.31 million. On average, analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

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