Bank of New York Mellon Corp boosted its position in shares of Ameresco, Inc. (NYSE:AMRC) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 121,189 shares of the utilities provider’s stock after buying an additional 773 shares during the period. Bank of New York Mellon Corp’s holdings in Ameresco were worth $794,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Ameresco by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the utilities provider’s stock worth $142,000 after buying an additional 3,860 shares during the last quarter. Algert Global LLC raised its stake in Ameresco by 122.2% in the first quarter. Algert Global LLC now owns 22,619 shares of the utilities provider’s stock worth $148,000 after buying an additional 12,440 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Ameresco during the fourth quarter worth $188,000. Teachers Advisors LLC raised its stake in Ameresco by 13.6% in the fourth quarter. Teachers Advisors LLC now owns 34,253 shares of the utilities provider’s stock worth $188,000 after buying an additional 4,112 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Ameresco by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 62,305 shares of the utilities provider’s stock worth $343,000 after buying an additional 2,372 shares during the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.
Ameresco, Inc. (AMRC) opened at 6.55 on Tuesday. Ameresco, Inc. has a one year low of $4.51 and a one year high of $7.85. The firm has a market capitalization of $297.53 million, a price-to-earnings ratio of 29.24 and a beta of 1.17. The firm’s 50-day moving average is $6.94 and its 200 day moving average is $6.26.
Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.06. Ameresco had a return on equity of 4.52% and a net margin of 1.58%. The firm had revenue of $134.61 million during the quarter, compared to analyst estimates of $131.95 million. Analysts forecast that Ameresco, Inc. will post $0.39 EPS for the current fiscal year.
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A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Roth Capital raised shares of Ameresco from a “neutral” rating to a “buy” rating and raised their price target for the company from $6.50 to $8.00 in a report on Thursday, May 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $8.00 price target on shares of Ameresco in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.38.
In related news, Director Thomas S. Murley bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average cost of $6.85 per share, for a total transaction of $27,400.00. Following the purchase, the director now directly owns 4,000 shares in the company, valued at $27,400. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Louis P. Maltezos sold 23,175 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $6.61, for a total transaction of $153,186.75. Following the transaction, the insider now owns 23,175 shares of the company’s stock, valued at $153,186.75. The disclosure for this sale can be found here. 58.36% of the stock is currently owned by insiders.
About Ameresco
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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