Ameresco, Inc. (NYSE:AMRC - Get Free Report) CEO George P. Sakellaris acquired 25,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now directly owns 978,638 shares in the company, valued at $9,071,974.26. This represents a 2.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Ameresco Trading Up 19.6 %
NYSE AMRC traded up $1.82 during trading on Friday, hitting $11.11. The company had a trading volume of 1,991,361 shares, compared to its average volume of 628,304. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a one year low of $9.04 and a one year high of $39.68. The company has a market cap of $582.75 million, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07. The company's fifty day moving average is $20.74 and its 200-day moving average is $26.87.
Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. On average, sell-side analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on AMRC shares. Stifel Nicolaus cut their price objective on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday. Robert W. Baird dropped their price target on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Canaccord Genuity Group dropped their price target on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, February 28th. UBS Group cut shares of Ameresco from a "buy" rating to a "sell" rating and dropped their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Finally, StockNews.com raised shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ameresco has an average rating of "Moderate Buy" and an average price target of $28.33.
Get Our Latest Stock Report on Ameresco
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AMRC. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after acquiring an additional 2,279 shares in the last quarter. FMR LLC increased its stake in shares of Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after acquiring an additional 3,855 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Ameresco in the 4th quarter worth about $146,000. Cetera Trust Company N.A increased its stake in shares of Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after acquiring an additional 440 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Ameresco in the 3rd quarter worth about $275,000. 99.24% of the stock is currently owned by institutional investors.
About Ameresco
(
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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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