Gagnon Securities LLC lowered its stake in Ameresco, Inc. (NYSE:AMRC) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,106,875 shares of the utilities provider’s stock after selling 9,727 shares during the period. Ameresco comprises 2.4% of Gagnon Securities LLC’s holdings, making the stock its 11th largest position. Gagnon Securities LLC owned about 2.44% of Ameresco worth $8,523,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in AMRC. Janney Montgomery Scott LLC raised its position in Ameresco by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the utilities provider’s stock valued at $142,000 after buying an additional 3,860 shares during the period. Algert Global LLC raised its position in shares of 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 shares of Ameresco during the fourth quarter worth $188,000. Teachers Advisors LLC increased its stake in shares of 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 period. Finally, Bank of America Corp DE increased its stake in shares of Ameresco by 0.3% in the first quarter. Bank of America Corp DE now owns 39,176 shares of the utilities provider’s stock worth $257,000 after buying an additional 136 shares during the period. 22.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ameresco, Inc. (AMRC) remained flat at $7.00 on Wednesday. The company’s stock had a trading volume of 78,775 shares. The company has a market capitalization of $318.72 million, a price-to-earnings ratio of 23.26 and a beta of 1.14. The company’s 50 day moving average price is $6.86 and its 200-day moving average price is $6.36. Ameresco, Inc. has a 1-year low of $4.51 and a 1-year high of $7.85.
Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $166.70 million for the quarter, compared to the consensus estimate of $162.53 million. Ameresco had a return on equity of 5.23% and a net margin of 2.16%. Ameresco’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, analysts anticipate that Ameresco, Inc. will post $0.42 earnings per share for the current year.
AMRC has been the subject of a number of research analyst reports. Roth Capital upgraded Ameresco from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.50 to $8.00 in a report on Thursday, May 4th. Zacks Investment Research downgraded Ameresco from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $8.00 price target on shares of Ameresco in a report on Monday, May 1st. BidaskClub downgraded Ameresco from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $9.00 price target on Ameresco and gave the company a “buy” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $8.25.
In related news, insider Louis P. Maltezos sold 23,175 shares of Ameresco stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $6.61, for a total value of $153,186.75. Following the sale, the insider now owns 23,175 shares of the company’s stock, valued at $153,186.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 58.36% of the stock is currently owned by insiders.
Ameresco Company Profile
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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