Compound Planning Inc. Purchases New Holdings in Ameresco, Inc. $AMRC

Compound Planning Inc. acquired a new position in Ameresco, Inc. (NYSE:AMRC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,676 shares of the utilities provider’s stock, valued at approximately $627,000.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ameresco by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 884 shares during the period. CoreCap Advisors LLC purchased a new position in Ameresco in the third quarter valued at about $50,000. Tower Research Capital LLC TRC boosted its stake in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares during the last quarter. Brevan Howard Capital Management LP grew its position in shares of Ameresco by 16.9% during the 2nd quarter. Brevan Howard Capital Management LP now owns 15,086 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 2,186 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ameresco during the 3rd quarter worth approximately $76,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Trading Down 4.6%

Ameresco stock opened at $30.39 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The stock has a market cap of $1.60 billion, a P/E ratio of 25.54, a PEG ratio of 1.10 and a beta of 2.53. The firm’s fifty day moving average price is $31.45 and its 200-day moving average price is $31.99.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMRC shares. Stifel Nicolaus increased their price objective on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 14th. Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the stock a “buy” rating in a report on Tuesday, November 4th. Roth Mkm reiterated a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, UBS Group raised their price objective on shares of Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

Insider Activity at Ameresco

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the sale, the director owned 14,111 shares in the company, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 16,645 shares of company stock valued at $568,297. 44.96% of the stock is owned by corporate insiders.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.