Parametric Portfolio Associates LLC cut its position in Ameresco Inc (NYSE:AMRC) by 54.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,382 shares of the utilities provider’s stock after selling 20,942 shares during the period. Parametric Portfolio Associates LLC’s holdings in Ameresco were worth $114,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in AMRC. Dimensional Fund Advisors LP increased its position in shares of Ameresco by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 790,272 shares of the utilities provider’s stock worth $4,347,000 after buying an additional 40,042 shares in the last quarter. State Street Corp increased its position in shares of Ameresco by 3.3% in the fourth quarter. State Street Corp now owns 316,414 shares of the utilities provider’s stock worth $1,741,000 after buying an additional 10,114 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Ameresco by 26.0% in the fourth quarter. Renaissance Technologies LLC now owns 230,588 shares of the utilities provider’s stock worth $1,268,000 after buying an additional 47,588 shares in the last quarter. Capital Impact Advisors LLC increased its position in shares of Ameresco by 14.1% in the first quarter. Capital Impact Advisors LLC now owns 199,395 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 24,673 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ameresco by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 121,189 shares of the utilities provider’s stock worth $794,000 after buying an additional 773 shares in the last quarter. Institutional investors and hedge funds own 22.20% of the company’s stock.
Ameresco Inc (NYSE:AMRC) opened at 6.65 on Thursday. Ameresco Inc has a 12-month low of $4.51 and a 12-month high of $7.85. The stock’s 50 day moving average is $6.88 and its 200 day moving average is $6.31. The firm has a market cap of $302.07 million, a P/E ratio of 29.69 and a beta of 1.14.
Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The firm had revenue of $166.70 million during the quarter, compared to analyst estimates of $162.53 million. Ameresco had a return on equity of 7.80% and a net margin of 3.58%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, equities research analysts expect that Ameresco Inc will post $0.40 EPS for the current year.
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A number of equities analysts have commented on AMRC shares. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Monday, July 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $8.00 target price on shares of Ameresco in a report on Monday, May 1st. Roth Capital upgraded shares of Ameresco from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.50 to $8.00 in a report on Thursday, May 4th. BidaskClub downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $9.00 target price on shares of Ameresco and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Ameresco presently has a consensus rating of “Hold” and an average price target of $8.38.
In related news, insider Louis P. Maltezos sold 23,175 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $6.65, for a total value of $154,113.75. Following the completion of the transaction, the insider now directly owns 23,175 shares in the company, valued at $154,113.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 58.36% of the company’s stock.
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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