Ameresco, Inc. (NYSE:AMRC - Get Free Report) CEO George P. Sakellaris purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $9.96 per share, for a total transaction of $498,000.00. Following the purchase, the chief executive officer now owns 903,638 shares in the company, valued at $9,000,234.48. This trade represents a 5.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ameresco Price Performance
Shares of AMRC traded up $1.82 during trading hours on Friday, hitting $11.11. 1,991,361 shares of the company were exchanged, compared to its average volume of 628,304. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $39.68. The company has a market cap of $582.75 million, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.49 and a beta of 2.07. The firm's fifty day moving average is $20.74 and its 200 day moving average is $26.87.
Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. On average, equities analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
AMRC has been the topic of a number of research reports. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Canaccord Genuity Group decreased their target price on Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. UBS Group cut Ameresco from a "buy" rating to a "sell" rating and dropped their price target for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Robert W. Baird lowered their price objective on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ameresco has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.
Read Our Latest Analysis on AMRC
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after purchasing an additional 2,279 shares during the last quarter. FMR LLC lifted its position in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after buying an additional 3,855 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ameresco in the fourth quarter valued at about $146,000. Cetera Trust Company N.A boosted its stake in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Ameresco during the third quarter worth about $275,000. 99.24% of the stock is owned by institutional investors.
Ameresco Company Profile
(
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Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
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