Nationwide Fund Advisors trimmed its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 49.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,510 shares of the utilities provider’s stock after selling 27,452 shares during the period. Nationwide Fund Advisors owned about 0.06% of Ameresco worth $220,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Ameresco by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 121,189 shares of the utilities provider’s stock worth $794,000 after acquiring an additional 773 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ameresco by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 136,680 shares of the utilities provider’s stock worth $895,000 after acquiring an additional 5,443 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ameresco by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 850,929 shares of the utilities provider’s stock worth $5,573,000 after acquiring an additional 60,657 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Ameresco by 5.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 62,210 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 3,420 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Ameresco by 0.3% in the 1st quarter. Bank of America Corp DE now owns 39,176 shares of the utilities provider’s stock worth $257,000 after acquiring an additional 136 shares in the last quarter. 23.89% of the stock is owned by institutional investors and hedge funds.
In other Ameresco news, insider Joseph P. Demanche sold 4,220 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $7.80, for a total value of $32,916.00. Following the transaction, the insider now directly owns 200,000 shares of the company’s stock, valued at approximately $1,560,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph P. Demanche sold 30,329 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $8.40, for a total value of $254,763.60. Following the completion of the transaction, the insider now directly owns 159,671 shares in the company, valued at $1,341,236.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,549 shares of company stock worth $367,680. Insiders own 58.36% of the company’s stock.
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Ameresco, Inc. (NYSE AMRC) opened at $8.50 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.29 and a quick ratio of 1.24. Ameresco, Inc. has a 52-week low of $4.80 and a 52-week high of $8.80. The firm has a market capitalization of $395.88, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. The company had revenue of $204.74 million for the quarter, compared to analyst estimates of $186.20 million. During the same period in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. sell-side analysts anticipate that Ameresco, Inc. will post 0.41 earnings per share for the current year.
Several brokerages recently issued reports on AMRC. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $10.00 price objective (up from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, November 2nd. BidaskClub downgraded Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity increased their price objective on Ameresco from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $8.88.
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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