Ameresco, Inc. (NYSE:AMRC) Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Ameresco, Inc. (NYSE:AMRC) by 358.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,906 shares of the utilities provider’s stock after acquiring an additional 19,478 shares during the quarter. SG Americas Securities LLC’s holdings in Ameresco were worth $945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $75,000. Point72 DIFC Ltd bought a new position in shares of Ameresco in the second quarter valued at $86,000. GAMMA Investing LLC lifted its position in shares of Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares during the last quarter. Northside Capital Management LLC bought a new stake in shares of Ameresco during the 2nd quarter worth $216,000. Finally, Invst LLC bought a new stake in shares of Ameresco during the 1st quarter worth $225,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Price Performance

AMRC opened at $34.78 on Friday. The stock has a fifty day moving average price of $32.03 and a 200 day moving average price of $29.49. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 1.21 and a beta of 1.79.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. Analysts forecast that Ameresco, Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In related news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 5,221 shares of company stock worth $140,814 over the last ninety days. 42.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMRC has been the subject of several analyst reports. Piper Sandler reduced their target price on Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. B. Riley raised shares of Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. Jefferies Financial Group initiated coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price on the stock. UBS Group upped their price target on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, StockNews.com raised shares of Ameresco to a “sell” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and a consensus price target of $38.46.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.