XTX Topco Ltd Takes $453,000 Position in Ameresco, Inc. (NYSE:AMRC)

XTX Topco Ltd bought a new stake in Ameresco, Inc. (NYSE:AMRC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,731 shares of the utilities provider’s stock, valued at approximately $453,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bridge City Capital LLC lifted its holdings in shares of Ameresco by 0.8% during the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after acquiring an additional 622 shares during the period. Otter Creek Advisors LLC boosted its position in Ameresco by 1.2% in the fourth quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock valued at $2,181,000 after buying an additional 818 shares in the last quarter. Clean Yield Group grew its stake in Ameresco by 0.6% during the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock worth $4,898,000 after buying an additional 1,087 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Ameresco by 15.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock worth $256,000 after buying an additional 1,410 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Ameresco in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Performance

AMRC stock opened at $37.75 on Wednesday. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $42.82. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.98 billion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. The business’s fifty day moving average is $30.82 and its 200-day moving average is $28.21.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. Ameresco’s quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Equities research analysts forecast that Ameresco, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMRC shares. UBS Group increased their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group initiated coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price for the company. B. Riley upgraded shares of Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Piper Sandler lowered their price objective on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Saturday, August 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.46.

Insider Activity at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction on Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the transaction, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at $49,823.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 5,221 shares of company stock worth $140,814. 42.00% of the stock is currently owned by company insiders.

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.