Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ameresco Inc (NYSE:AMRC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,550 shares of the utilities provider’s stock, valued at approximately $163,000.
Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Ameresco in the fourth quarter valued at $25,000. Advisor Group Inc. purchased a new stake in shares of Ameresco in the fourth quarter valued at $75,000. Nachman Norwood & Parrott Inc purchased a new stake in shares of Ameresco in the fourth quarter valued at $180,000. Assenagon Asset Management S.A. purchased a new stake in shares of Ameresco in the fourth quarter valued at $189,000. Finally, Citadel Advisors LLC lifted its position in shares of Ameresco by 100.4% in the third quarter. Citadel Advisors LLC now owns 22,514 shares of the utilities provider’s stock valued at $307,000 after acquiring an additional 11,277 shares in the last quarter. 29.58% of the stock is currently owned by institutional investors.
In related news, EVP Michael T. Bakas sold 2,720 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $15.24, for a total transaction of $41,452.80. Following the transaction, the executive vice president now directly owns 109,330 shares in the company, valued at $1,666,189.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph W. Sutton sold 10,918 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $18.01, for a total value of $196,633.18. The disclosure for this sale can be found here. Insiders have sold 169,063 shares of company stock worth $2,689,266 over the last quarter. 57.93% of the stock is currently owned by company insiders.
Shares of NYSE:AMRC opened at $16.71 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. Ameresco Inc has a 52-week low of $11.00 and a 52-week high of $18.05. The firm has a market capitalization of $786.19 million, a PE ratio of 20.63, a P/E/G ratio of 1.14 and a beta of 0.61.
Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Wednesday, March 6th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Ameresco had a return on equity of 10.56% and a net margin of 4.83%. The business had revenue of $217.40 million for the quarter, compared to the consensus estimate of $227.53 million. During the same period in the prior year, the business earned $0.52 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Ameresco Inc will post 0.86 EPS for the current fiscal year.
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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