Ameresco, Inc. $AMRC Shares Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC grew its stake in Ameresco, Inc. (NYSE:AMRC) by 108.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 890,072 shares of the utilities provider’s stock after acquiring an additional 462,875 shares during the period. Ameresco comprises 1.2% of Granahan Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding. Granahan Investment Management LLC owned approximately 1.69% of Ameresco worth $29,889,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. CoreCap Advisors LLC acquired a new stake in Ameresco in the 3rd quarter valued at approximately $50,000. Tower Research Capital LLC TRC lifted its stake in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Ameresco during the third quarter worth $76,000. Nkcfo LLC purchased a new position in shares of Ameresco during the third quarter worth $107,000. Finally, Creative Planning purchased a new position in shares of Ameresco during the second quarter worth $153,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the transaction, the director owned 14,111 shares in the company, valued at $481,890.65. The trade was a 52.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 17,020 shares of company stock valued at $577,840 in the last ninety days. 44.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Roth Mkm reiterated a “buy” rating on shares of Ameresco in a report on Wednesday, December 3rd. UBS Group lowered their target price on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday. Canaccord Genuity Group lifted their target price on Ameresco from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. B. Riley Financial boosted their price target on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, William Blair raised shares of Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Ameresco Trading Down 5.9%

AMRC opened at $24.73 on Monday. The business has a fifty day moving average price of $30.82 and a 200 day moving average price of $32.43. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.50. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $44.93. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.94 and a beta of 2.53.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The business had revenue of $581.03 million during the quarter, compared to analysts’ expectations of $556.09 million. During the same quarter last year, the business posted $0.88 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.