Clean Yield Group increased its position in shares of Ameresco (NYSE:AMRC) by 15.4% during the second quarter, Holdings Channel reports. The firm owned 89,680 shares of the company’s stock after buying an additional 11,975 shares during the period. Clean Yield Group’s holdings in Ameresco were worth $392,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in AMRC. Algert Global LLC increased its position in shares of Ameresco by 93.2% in the first quarter. Algert Global LLC now owns 27,692 shares of the company’s stock worth $132,000 after buying an additional 13,360 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Ameresco by 64.3% in the first quarter. Spark Investment Management LLC now owns 86,900 shares of the company’s stock worth $414,000 after buying an additional 34,000 shares in the last quarter. State Street Corp increased its position in shares of Ameresco by 5.0% in the first quarter. State Street Corp now owns 317,707 shares of the company’s stock worth $1,515,000 after buying an additional 15,235 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Ameresco by 25.1% in the first quarter. Renaissance Technologies LLC now owns 29,900 shares of the company’s stock worth $143,000 after buying an additional 6,000 shares in the last quarter. Finally, New Harbor Financial Group LLC increased its position in shares of Ameresco by 1.1% in the second quarter. New Harbor Financial Group LLC now owns 65,555 shares of the company’s stock worth $286,000 after buying an additional 700 shares in the last quarter. Institutional investors own 26.06% of the company’s stock.
Ameresco (NYSE:AMRC) traded up 4.78% during trading on Friday, reaching $5.26. The company’s stock had a trading volume of 62,600 shares. The company has a market capitalization of $244.85 million, a P/E ratio of 29.89 and a beta of 1.16. Ameresco has a 12-month low of $3.91 and a 12-month high of $7.10. The firm’s 50-day moving average price is $4.95 and its 200 day moving average price is $4.76.
Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Ameresco had a return on equity of 4.79% and a net margin of 1.25%. The company had revenue of $162.60 million for the quarter, compared to analyst estimates of $148.55 million. During the same period in the prior year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Ameresco will post $0.25 earnings per share for the current fiscal year.
A number of equities analysts recently commented on AMRC shares. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Wednesday, July 6th. TheStreet upgraded Ameresco from a “sell” rating to a “hold” rating in a report on Monday, July 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $7.25.
In other Ameresco news, major shareholder Neil Gagnon bought 9,863 shares of Ameresco stock in a transaction that occurred on Tuesday, July 12th. The shares were bought at an average cost of $5.21 per share, with a total value of $51,386.23. Following the transaction, the insider now directly owns 557,368 shares of the company’s stock, valued at approximately $2,903,887.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 54.16% of the company’s stock.
Ameresco Company Profile
Ameresco, Inc is a provider of energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations. The Company’s principal service is the development, design, engineering and installation of projects. Its U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services, which include the design, engineering and installation of equipment and other measures; renewable energy solutions and services, and operations and maintenance (O&M) services.
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