19,964 Shares in Ameresco, Inc. $AMRC Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC bought a new stake in Ameresco, Inc. (NYSE:AMRC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,964 shares of the utilities provider’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in shares of Ameresco during the 3rd quarter worth $50,000. Tower Research Capital LLC TRC boosted its position in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ameresco in the third quarter valued at about $76,000. Nkcfo LLC purchased a new stake in shares of Ameresco in the third quarter valued at about $107,000. Finally, Creative Planning acquired a new stake in Ameresco during the second quarter worth about $153,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 sale, the director owned 14,111 shares in the company, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMRC. Weiss Ratings downgraded shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Roth Mkm reissued a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Ameresco Trading Up 2.3%

NYSE AMRC opened at $26.72 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a market capitalization of $1.41 billion, a P/E ratio of 32.19, a PEG ratio of 2.05 and a beta of 2.53. The firm’s 50-day moving average is $30.58 and its two-hundred day moving average is $32.39. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $44.93.

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