Ameresco, Inc. (NYSE:AMRC) EVP Joseph P. Demanche sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $9.20, for a total transaction of $115,000.00. Following the sale, the executive vice president now directly owns 127,500 shares in the company, valued at approximately $1,173,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Ameresco, Inc. (NYSE:AMRC) traded up $0.05 during trading on Friday, reaching $9.00. 66,300 shares of the company were exchanged, compared to its average volume of 128,258. Ameresco, Inc. has a 1 year low of $4.80 and a 1 year high of $9.30. The firm has a market cap of $420.91, a PE ratio of 24.32, a P/E/G ratio of 2.74 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57.
Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Ameresco had a net margin of 2.49% and a return on equity of 5.42%. The firm had revenue of $204.74 million for the quarter, compared to analysts’ expectations of $186.20 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. sell-side analysts predict that Ameresco, Inc. will post 0.42 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its holdings in Ameresco by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,590 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 380 shares in the last quarter. Franklin Resources Inc. purchased a new position in Ameresco in the 2nd quarter valued at $2,410,000. Wells Fargo & Company MN lifted its holdings in Ameresco by 84.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 12,915 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Ameresco by 4.1% in the 2nd quarter. GSA Capital Partners LLP now owns 117,495 shares of the utilities provider’s stock valued at $905,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Ameresco by 8.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 1,529 shares in the last quarter. 24.59% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/01/19/ameresco-inc-amrc-evp-joseph-p-demanche-sells-12500-shares.html.
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.
Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.