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Should You Buy Ameresco Inc (AMRC)?

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Ameresco Inc (NYSE:AMRC) was in 12 hedge funds’ portfolio at the end of March. AMRC has seen an increase in support from the world’s most elite money managers in recent months. There were 5 hedge funds in our database with AMRC holdings at the end of the previous quarter.

In today’s marketplace, there are dozens of methods market participants can use to watch their holdings. A couple of the best are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can outclass the market by a very impressive amount (see just how much).

Equally as integral, optimistic insider trading sentiment is a second way to parse down the world of equities. Just as you’d expect, there are a variety of incentives for a bullish insider to cut shares of his or her company, but only one, very obvious reason why they would buy. Plenty of academic studies have demonstrated the impressive potential of this strategy if “monkeys” understand where to look (learn more here).

Now, we’re going to take a glance at the latest action regarding Ameresco Inc (NYSE:AMRC).

What does the smart money think about Ameresco Inc (NYSE:AMRC)?

In preparation for this quarter, a total of 12 of the hedge funds we track were long in this stock, a change of 140% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were increasing their holdings substantially.

Ameresco Inc (NYSE:AMRC)Of the funds we track, Chuck Royce’s Royce & Associates had the most valuable position in Ameresco Inc (NYSE:AMRC), worth close to $6.7 million, accounting for less than 0.1%% of its total 13F portfolio. On Royce & Associates’s heels is John A. Levin of Levin Capital Strategies, with a $2.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedgies that are bullish include Philip Hempleman’s Ardsley Partners, Israel Englander’s Millennium Management and John Overdeck and David Siegel’s Two Sigma Advisors.

As aggregate interest increased, key hedge funds were breaking ground themselves. Ardsley Partners, managed by Philip Hempleman, initiated the biggest position in Ameresco Inc (NYSE:AMRC). Ardsley Partners had 0.7 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Gray and Steve Walsh’s Bryn Mawr Capital, Brian Taylor’s Pine River Capital Management, and D. E. Shaw’s D E Shaw.

What have insiders been doing with Ameresco Inc (NYSE:AMRC)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past 180 days. Over the latest 180-day time frame, Ameresco Inc (NYSE:AMRC) has experienced 2 unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Ameresco Inc (NYSE:AMRC). These stocks are Coleman Cable, Inc. (NASDAQ:CCIX), Zoltek Companies, Inc. (NASDAQ:ZOLT), Capstone Turbine Corporation (NASDAQ:CPST), Preformed Line Products Company (NASDAQ:PLPC), and Electro Scientific Industries, Inc. (NASDAQ:ESIO). This group of stocks are the members of the industrial electrical equipment industry and their market caps match AMRC’s market cap.

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