Royce & Associates LP cut its position in shares of Ameresco Inc (NYSE:AMRC) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 578,049 shares of the utilities provider’s stock after selling 18,100 shares during the period. Royce & Associates LP owned 1.26% of Ameresco worth $7,890,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMRC. Dimensional Fund Advisors LP boosted its position in shares of Ameresco by 7.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,391,598 shares of the utilities provider’s stock worth $18,995,000 after purchasing an additional 101,884 shares in the last quarter. BlackRock Inc. boosted its position in shares of Ameresco by 3.9% during the 3rd quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock worth $13,773,000 after purchasing an additional 38,236 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Ameresco during the 3rd quarter worth $162,000. Handelsbanken Fonder AB purchased a new stake in shares of Ameresco during the 3rd quarter worth $5,178,000. Finally, California Public Employees Retirement System boosted its position in shares of Ameresco by 5.1% during the 2nd quarter. California Public Employees Retirement System now owns 76,152 shares of the utilities provider’s stock worth $914,000 after purchasing an additional 3,688 shares in the last quarter. 27.85% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Louis P. Maltezos sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $13.58, for a total value of $67,900.00. Following the sale, the insider now directly owns 35,000 shares in the company, valued at approximately $475,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Francis V. Wisneski, Jr. sold 5,516 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $15.97, for a total transaction of $88,090.52. Following the completion of the sale, the director now owns 110,676 shares in the company, valued at $1,767,495.72. The disclosure for this sale can be found here. Insiders sold a total of 29,016 shares of company stock worth $420,156 over the last quarter. Insiders own 57.93% of the company’s stock.
Shares of NYSE AMRC opened at $14.68 on Friday. The firm has a market cap of $700.21 million, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.13 and a beta of 0.44. Ameresco Inc has a one year low of $7.65 and a one year high of $16.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 1.42.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. During the same period in the previous year, the firm earned $0.18 EPS. The business’s revenue was up .3% on a year-over-year basis. Analysts forecast that Ameresco Inc will post 0.77 EPS for the current year.
AMRC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, November 1st. ValuEngine lowered shares of Ameresco from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Roth Capital lowered shares of Ameresco from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $14.00 in a research report on Thursday, October 4th. Canaccord Genuity boosted their target price on shares of Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Oppenheimer set a $17.00 target price on shares of Ameresco and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.38.
Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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