Clean Yield Group raised its holdings in shares of Ameresco Inc (NYSE:AMRC) by 64.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,525 shares of the utilities provider’s stock after acquiring an additional 32,275 shares during the quarter. Clean Yield Group owned about 0.18% of Ameresco worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in Ameresco by 4.8% during the 3rd quarter. State Street Corp now owns 406,895 shares of the utilities provider’s stock valued at $6,539,000 after acquiring an additional 18,631 shares during the period. California Public Employees Retirement System grew its position in shares of Ameresco by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 69,872 shares of the utilities provider’s stock valued at $1,123,000 after purchasing an additional 6,467 shares in the last quarter. First Trust Advisors LP grew its position in shares of Ameresco by 105.7% during the 3rd quarter. First Trust Advisors LP now owns 69,697 shares of the utilities provider’s stock valued at $1,120,000 after purchasing an additional 35,806 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Ameresco by 43.5% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 60,420 shares of the utilities provider’s stock valued at $971,000 after purchasing an additional 18,320 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in shares of Ameresco by 30.3% during the 3rd quarter. Alps Advisors Inc. now owns 38,552 shares of the utilities provider’s stock valued at $620,000 after purchasing an additional 8,965 shares in the last quarter. 31.85% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP David J. Corrsin sold 6,615 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.50, for a total value of $109,147.50. Following the completion of the transaction, the executive vice president now directly owns 972,257 shares in the company, valued at $16,042,240.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas I. Foy sold 13,477 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $15.82, for a total transaction of $213,206.14. Insiders sold 194,754 shares of company stock valued at $3,464,277 over the last quarter. 55.86% of the stock is owned by company insiders.
AMRC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. ValuEngine lowered shares of Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Raymond James initiated coverage on shares of Ameresco in a research report on Wednesday, November 27th. They set a “strong-buy” rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.90.
AMRC opened at $19.78 on Friday. The company has a fifty day moving average price of $17.43 and a 200-day moving average price of $15.48. The firm has a market capitalization of $921.38 million, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.14 and a beta of 0.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.38 and a quick ratio of 1.34. Ameresco Inc has a one year low of $13.11 and a one year high of $20.10.
Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The firm had revenue of $212.03 million for the quarter, compared to analysts’ expectations of $235.41 million. Ameresco had a net margin of 4.35% and a return on equity of 7.44%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. On average, analysts expect that Ameresco Inc will post 0.76 earnings per share for the current year.
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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