Pillar Pacific Capital Management LLC lessened its holdings in Ameresco Inc (NYSE:AMRC) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,100 shares of the utilities provider’s stock after selling 1,150 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Ameresco were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in AMRC. Bank of Montreal Can boosted its holdings in shares of Ameresco by 335.9% in the second quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock valued at $35,000 after buying an additional 1,807 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Ameresco during the second quarter valued at approximately $145,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Ameresco during the second quarter valued at approximately $242,000. Guinness Atkinson Asset Management Inc boosted its stake in shares of Ameresco by 20.4% during the second quarter. Guinness Atkinson Asset Management Inc now owns 18,300 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 3,100 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Ameresco by 3.6% during the second quarter. AQR Capital Management LLC now owns 22,149 shares of the utilities provider’s stock valued at $326,000 after purchasing an additional 775 shares during the period. 31.00% of the stock is currently owned by institutional investors.
Shares of Ameresco stock traded up $0.05 during trading on Friday, hitting $15.59. 644 shares of the company’s stock traded hands, compared to its average volume of 88,549. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.51 and a quick ratio of 1.47. Ameresco Inc has a 1 year low of $13.11 and a 1 year high of $18.05. The stock has a market capitalization of $715.21 million, a P/E ratio of 19.26, a PEG ratio of 1.09 and a beta of 0.39. The business has a 50-day simple moving average of $15.03 and a 200-day simple moving average of $14.79.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.08). The firm had revenue of $212.03 million during the quarter, compared to analysts’ expectations of $235.41 million. Ameresco had a return on equity of 7.53% and a net margin of 4.35%. Ameresco’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, equities analysts predict that Ameresco Inc will post 0.81 earnings per share for the current fiscal year.
A number of analysts recently commented on AMRC shares. Zacks Investment Research raised Ameresco from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. ValuEngine upgraded Ameresco from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Ameresco has a consensus rating of “Buy” and an average target price of $18.63.
In other Ameresco news, CEO George P. Sakellaris sold 27,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $14.49, for a total value of $398,475.00. Following the completion of the transaction, the chief executive officer now directly owns 3,394,061 shares of the company’s stock, valued at $49,179,943.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jennifer L. Miller bought 4,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $14.15 per share, with a total value of $56,600.00. Following the completion of the purchase, the director now owns 12,000 shares of the company’s stock, valued at approximately $169,800. The disclosure for this purchase can be found here. Insiders sold a total of 433,400 shares of company stock valued at $6,285,737 over the last quarter. 55.86% of the stock is currently owned by insiders.
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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