Ameresco, Inc. (AMRC) Insider Joseph P. Demanche Sells 2,195 Shares
Ameresco, Inc. (NYSE:AMRC) insider Joseph P. Demanche sold 2,195 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $8.00, for a total transaction of $17,560.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Ameresco, Inc. (NYSE AMRC) remained flat at $7.95 during midday trading on Thursday. The company had a trading volume of 67,023 shares. The firm’s 50-day moving average price is $7.41 and its 200-day moving average price is $6.85. Ameresco, Inc. has a 12 month low of $4.60 and a 12 month high of $8.00. The company has a market cap of $361.94 million, a PE ratio of 26.41 and a beta of 1.15.
Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. Ameresco had a return on equity of 5.23% and a net margin of 2.16%. The firm had revenue of $166.70 million during the quarter, compared to the consensus estimate of $162.53 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Ameresco, Inc. will post $0.42 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Gagnon Advisors LLC lifted its holdings in Ameresco by 0.3% in the second quarter. Gagnon Advisors LLC now owns 932,445 shares of the utilities provider’s stock valued at $7,180,000 after acquiring an additional 2,345 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ameresco by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock valued at $6,945,000 after acquiring an additional 51,041 shares during the period. Wellington Management Group LLP lifted its holdings in Ameresco by 491.4% in the first quarter. Wellington Management Group LLP now owns 476,068 shares of the utilities provider’s stock valued at $3,118,000 after acquiring an additional 395,566 shares during the period. State Street Corp lifted its holdings in Ameresco by 6.3% in the second quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock valued at $2,593,000 after acquiring an additional 20,094 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Ameresco in the second quarter valued at approximately $2,410,000. 23.83% of the stock is owned by hedge funds and other institutional investors.
AMRC has been the subject of several research reports. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Monday, August 14th. Canaccord Genuity upped their price target on shares of Ameresco from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $9.00 price target on shares of Ameresco and gave the company a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $8.25.
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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