Roth Capital upgraded shares of Ameresco Inc (NYSE:AMRC) from a neutral rating to a buy rating in a report released on Thursday, May 4th. Roth Capital currently has $8.00 price target on the utilities provider’s stock, up from their prior price target of $6.50.
Other research analysts have also issued reports about the company. Oppenheimer Holdings Inc. set a $9.00 price target on Ameresco and gave the stock a buy rating in a research report on Thursday, March 2nd. Canaccord Genuity restated a buy rating and set a $8.00 price target on shares of Ameresco in a research report on Monday, May 1st. Finally, Zacks Investment Research lowered Ameresco from a strong-buy rating to a hold rating in a research report on Tuesday, March 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $8.19.
Ameresco (NYSE:AMRC) traded down 0.76% during midday trading on Thursday, hitting $6.55. The company had a trading volume of 17,175 shares. The stock has a 50 day moving average price of $6.50 and a 200-day moving average price of $5.83. Ameresco has a 52 week low of $4.24 and a 52 week high of $7.05. The stock has a market capitalization of $297.53 million, a PE ratio of 29.24 and a beta of 1.39.
Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by $0.06. Ameresco had a return on equity of 5.94% and a net margin of 1.50%. The firm had revenue of $134.61 million for the quarter, compared to analysts’ expectations of $131.95 million. On average, equities analysts predict that Ameresco will post $0.39 EPS for the current year.
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In other Ameresco news, Director Thomas S. Murley purchased 4,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were bought at an average cost of $6.85 per share, for a total transaction of $27,400.00. Following the completion of the purchase, the director now directly owns 4,000 shares in the company, valued at $27,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Louis P. Maltezos sold 23,175 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $6.65, for a total value of $154,113.75. Following the completion of the sale, the insider now owns 23,175 shares in the company, valued at $154,113.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,700 shares of company stock valued at $577,289. 54.16% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Ameresco by 491.4% in the first quarter. Wellington Management Group LLP now owns 476,068 shares of the utilities provider’s stock worth $3,118,000 after buying an additional 395,566 shares in the last quarter. Hapanowicz & Associates Financial Services Inc acquired a new stake in Ameresco during the fourth quarter worth $355,000. Dimensional Fund Advisors LP boosted its stake in Ameresco by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 850,929 shares of the utilities provider’s stock worth $5,573,000 after buying an additional 60,657 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ameresco by 9.0% in the first quarter. Vanguard Group Inc. now owns 718,624 shares of the utilities provider’s stock worth $4,707,000 after buying an additional 59,336 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in 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. Institutional investors own 26.33% 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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