Victory Capital Management Inc. Purchases 752 Shares of Ameresco, Inc. (NYSE:AMRC)

Victory Capital Management Inc. lifted its stake in Ameresco, Inc. (NYSE:AMRC) by 8.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,318 shares of the utilities provider’s stock after buying an additional 752 shares during the period. Victory Capital Management Inc.’s holdings in Ameresco were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Trust Company N.A bought a new stake in Ameresco during the 4th quarter valued at $106,000. Dynamic Advisor Solutions LLC raised its stake in shares of Ameresco by 24.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock valued at $275,000 after acquiring an additional 1,712 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ameresco during the third quarter worth about $295,000. Deutsche Bank AG boosted its holdings in shares of Ameresco by 16.6% during the third quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 2,426 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Ameresco by 261.3% during the third quarter. Dark Forest Capital Management LP now owns 18,504 shares of the utilities provider’s stock worth $714,000 after purchasing an additional 13,382 shares during the period. Institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Guggenheim reiterated a “neutral” rating on shares of Ameresco in a report on Thursday, February 29th. Truist Financial dropped their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd. UBS Group increased their target price on shares of Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Stifel Nicolaus dropped their target price on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Oppenheimer restated a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.31.

Ameresco Price Performance

Shares of NYSE AMRC opened at $33.96 on Friday. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $63.19. The company has a 50 day simple moving average of $23.48 and a two-hundred day simple moving average of $24.91. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 0.93 and a beta of 1.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.96 and a current ratio of 0.97.

Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The business had revenue of $298.41 million during the quarter, compared to the consensus estimate of $255.38 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Ameresco, Inc. will post 1.38 EPS for the current fiscal year.

About Ameresco

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.