Bridge City Capital LLC Sells 1,056 Shares of Ameresco, Inc. (NYSE:AMRC)

Bridge City Capital LLC reduced its holdings in Ameresco, Inc. (NYSE:AMRC) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,594 shares of the utilities provider’s stock after selling 1,056 shares during the quarter. Bridge City Capital LLC’s holdings in Ameresco were worth $1,775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ameresco by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock worth $28,642,000 after buying an additional 10,197 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ameresco by 9.4% during the 4th quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider’s stock valued at $17,666,000 after buying an additional 64,764 shares in the last quarter. Gagnon Securities LLC lifted its holdings in shares of Ameresco by 22.5% during the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock worth $13,412,000 after acquiring an additional 104,861 shares during the last quarter. Finally, Redwood Grove Capital LLC grew its position in Ameresco by 41.9% in the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock worth $18,966,000 after acquiring an additional 147,642 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

AMRC stock opened at $13.45 on Friday. The stock has a market capitalization of $706.52 million, a price-to-earnings ratio of 13.45, a PEG ratio of 0.49 and a beta of 2.07. The firm’s 50-day moving average price is $17.86 and its two-hundred day moving average price is $25.62. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 12-month low of $9.04 and a 12-month high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. As a group, equities analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMRC shares. Stifel Nicolaus dropped their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Robert W. Baird dropped their target price on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Canaccord Genuity Group cut their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and lowered their price objective for the stock 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 issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Insider Transactions at Ameresco

In other Ameresco news, 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 value of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the acquisition, the director now owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This represents a 24.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Corporate insiders own 42.00% of the company’s stock.

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.