KBC Group NV trimmed its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 25.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,423 shares of the utilities provider’s stock after selling 9,297 shares during the quarter. KBC Group NV owned 0.06% of Ameresco worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Ameresco by 0.3% during the first quarter. Bank of America Corp DE now owns 39,176 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 136 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Ameresco by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 62,590 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 380 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Ameresco by 4.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,676 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 928 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Ameresco by 8.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 1,529 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Ameresco by 4.1% in the 2nd quarter. GSA Capital Partners LLP now owns 117,495 shares of the utilities provider’s stock worth $905,000 after acquiring an additional 4,600 shares in the last quarter. 24.91% of the stock is currently owned by institutional investors.

Ameresco, Inc. (AMRC) opened at $8.70 on Monday. The company has a market capitalization of $395.88, a P/E ratio of 24.86, a PEG ratio of 3.41 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57. Ameresco, Inc. has a 1-year low of $4.80 and a 1-year high of $8.95.

Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $204.74 million for the quarter, compared to the consensus estimate of $186.20 million. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. Ameresco’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. research analysts anticipate that Ameresco, Inc. will post 0.43 earnings per share for the current fiscal year.

In related news, insider Joseph P. Demanche sold 7,007 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $8.00, for a total value of $56,056.00. Following the completion of the transaction, the insider now owns 196,625 shares in the company, valued at approximately $1,573,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph P. Demanche sold 4,220 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $7.80, for a total transaction of $32,916.00. Following the completion of the transaction, the insider now owns 200,000 shares of the company’s stock, valued at approximately $1,560,000. The disclosure for this sale can be found here. Insiders sold a total of 59,003 shares of company stock worth $494,875 over the last three months. 58.36% of the stock is owned by company insiders.

Several brokerages have recently commented on AMRC. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, November 2nd. Oppenheimer reissued a “buy” rating and issued a $10.00 target price (up from $8.50) on shares of Ameresco in a report on Wednesday, November 1st. Finally, BidaskClub downgraded Ameresco from a “hold” rating to a “sell” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Ameresco currently has a consensus rating of “Buy” and a consensus price target of $8.88.

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Ameresco Profile

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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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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