Insider Selling: Ameresco Inc (AMRC) Insider Sells 23,175 Shares of Stock
Ameresco Inc (NYSE:AMRC) insider Louis P. Maltezos sold 23,175 shares of Ameresco stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $5.84, for a total transaction of $135,342.00. Following the completion of the sale, the insider now owns 23,175 shares of the company’s stock, valued at $135,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ameresco Inc (NYSE:AMRC) traded up 2.40% during mid-day trading on Thursday, hitting $6.40. 28,251 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $6.09 and its 200-day moving average price is $5.60. The stock has a market cap of $290.52 million, a PE ratio of 24.71 and a beta of 1.39. Ameresco Inc has a 12 month low of $3.91 and a 12 month high of $6.70.
Ameresco (NYSE:AMRC) last released its earnings results on Thursday, March 2nd. The utilities provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The company earned $174.20 million during the quarter, compared to the consensus estimate of $171.93 million. Ameresco had a return on equity of 5.94% and a net margin of 1.50%. Ameresco’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Equities analysts expect that Ameresco Inc will post $0.35 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Capital Impact Advisors LLC increased its position in Ameresco by 14.1% in the first quarter. Capital Impact Advisors LLC now owns 199,395 shares of the utilities provider’s stock valued at $1,306,000 after buying an additional 24,673 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Ameresco by 13.6% in the fourth quarter. Teachers Advisors LLC now owns 34,253 shares of the utilities provider’s stock worth $188,000 after buying an additional 4,112 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Ameresco during the fourth quarter worth approximately $138,000. Two Sigma Investments LP increased its position in shares of Ameresco by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 62,305 shares of the utilities provider’s stock worth $343,000 after buying an additional 2,372 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its position in shares of Ameresco by 0.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 391,397 shares of the utilities provider’s stock worth $2,153,000 after buying an additional 1,350 shares in the last quarter. 26.33% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on AMRC. Zacks Investment Research cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Roth Capital set a $7.00 price objective on shares of Ameresco and gave the company a “hold” rating in a research note on Monday, March 6th. Finally, Oppenheimer Holdings Inc. set a $9.00 price objective on shares of Ameresco and gave the company a “buy” rating in a research note on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.63.
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.
Receive News & Stock Ratings for Ameresco Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco Inc and related stocks with our FREE daily email newsletter.