Ameresco Inc (AMRC): Hedge Funds Are Snapping Up

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Consequently, key money managers were leading the bulls’ herd. Millennium Management created the most valuable position in Ameresco Inc (NYSE:AMRC). Millennium Management had $0.2 million invested in the company at the end of the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Ameresco Inc (NYSE:AMRC) but similarly valued. We will take a look at CTC Media, Inc. (NASDAQ:CTCM), Heritage Oaks Bancorp (NASDAQ:HEOP), Northern Oil & Gas, Inc. (NYSEMKT:NOG), and Synutra International, Inc. (NASDAQ:SYUT). This group of stocks’ market values are closest to Ameresco Inc (NYSE:AMRC)’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CTCM 7 8026 -2
HEOP 4 29173 0
NOG 8 35890 -4
SYUT 5 1249 -1

As you can see, these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $19 million. That figure was $10 million in Ameresco Inc (NYSE:AMRC)’s case. Northern Oil & Gas, Inc. (NYSEMKT:NOG) is the most popular stock in this table. On the other hand, Heritage Oaks Bancorp (NASDAQ:HEOP) is the least popular one with only 4 bullish hedge fund positions. Ameresco Inc (NYSE:AMRC) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Northern Oil & Gas, Inc. (NYSEMKT:NOG) might be a better candidate to consider a long position.

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