C M Bidwell & Associates Ltd. Takes $154,000 Position in Ameresco, Inc. (AMRC)
C M Bidwell & Associates Ltd. acquired a new position in shares of Ameresco, Inc. (NYSE:AMRC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,937 shares of the utilities provider’s stock, valued at approximately $154,000.
Other institutional investors also recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its position in shares of Ameresco by 8.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after buying an additional 1,529 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Ameresco during the second quarter worth about $148,000. Pillar Pacific Capital Management LLC acquired a new position in shares of Ameresco during the second quarter worth about $151,000. Janney Montgomery Scott LLC grew its position in shares of Ameresco by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 22,676 shares of the utilities provider’s stock worth $175,000 after buying an additional 928 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Ameresco by 13.6% during 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. 23.83% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on AMRC shares. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Monday, July 3rd. BidaskClub downgraded Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Canaccord Genuity boosted their price objective on Ameresco from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. set a $9.00 price objective on Ameresco and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Ameresco currently has a consensus rating of “Buy” and an average target price of $8.25.
Shares of Ameresco, Inc. (AMRC) traded down 0.64% during trading on Tuesday, hitting $7.80. The stock had a trading volume of 6,467 shares. Ameresco, Inc. has a one year low of $4.60 and a one year high of $8.00. The company has a market cap of $355.11 million, a P/E ratio of 25.91 and a beta of 1.14. The stock’s 50-day moving average price is $7.49 and its 200-day moving average price is $6.91.
Ameresco (NYSE:AMRC) last announced its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $166.70 million for the quarter, compared to the consensus estimate of $162.53 million. Ameresco had a return on equity of 5.23% and a net margin of 2.16%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. On average, equities research analysts forecast that Ameresco, Inc. will post $0.42 EPS for the current fiscal year.
In related news, insider Joseph P. Demanche sold 4,220 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $7.80, for a total transaction of $32,916.00. Following the sale, the insider now directly owns 200,000 shares in the company, valued at approximately $1,560,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 58.36% of the company’s stock.
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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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