Renaissance Technologies LLC lowered its position in Ameresco, Inc. (NYSE:AMRC) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,255 shares of the utilities provider’s stock after selling 24,333 shares during the period. Renaissance Technologies LLC’s holdings in Ameresco were worth $1,351,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of 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 in the last quarter. 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 in the last quarter. Teachers Advisors LLC raised its position 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 in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Ameresco by 7.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,480 shares of the utilities provider’s stock worth $278,000 after buying an additional 2,880 shares in the last quarter. Finally, Clean Yield Group raised its position in shares of Ameresco by 0.4% in the first quarter. Clean Yield Group now owns 85,705 shares of the utilities provider’s stock worth $561,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 22.10% of the company’s stock.
Shares of Ameresco, Inc. (NYSE AMRC) traded down 1.41% during trading on Thursday, reaching $7.00. 11,472 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $6.81 and a 200 day moving average price of $6.43. Ameresco, Inc. has a 12 month low of $4.51 and a 12 month high of $7.85. The firm has a market cap of $318.69 million, a price-to-earnings ratio of 23.26 and a beta of 1.14.
Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $166.70 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.08 earnings per share. On average, analysts forecast that Ameresco, Inc. will post $0.42 EPS for the current year.
A number of equities analysts have weighed in on AMRC shares. Canaccord Genuity reiterated a “buy” rating and set a $8.00 target price on shares of Ameresco in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. set a $9.00 target price on shares of Ameresco and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Roth Capital upgraded shares of Ameresco from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.50 to $8.00 in a research report on Thursday, May 4th. Finally, BidaskClub lowered shares of Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Ameresco has an average rating of “Buy” and a consensus price target of $8.25.
In related news, insider Louis P. Maltezos sold 23,175 shares of Ameresco stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $6.61, for a total transaction of $153,186.75. Following the completion of the transaction, the insider now directly owns 23,175 shares in the company, valued at $153,186.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.36% of the stock is currently owned by company 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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