First Eagle Investment Management LLC Has $9.89 Million Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

First Eagle Investment Management LLC lifted its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 87.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 421,136 shares of the utilities provider's stock after buying an additional 196,776 shares during the period. First Eagle Investment Management LLC owned about 0.80% of Ameresco worth $9,888,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in shares of Ameresco by 96.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock valued at $1,060,000 after buying an additional 22,197 shares during the period. Nicola Wealth Management LTD. lifted its stake in Ameresco by 3.8% during the fourth quarter. Nicola Wealth Management LTD. now owns 55,000 shares of the utilities provider's stock worth $1,291,000 after purchasing an additional 2,000 shares during the period. Bank of New York Mellon Corp lifted its stake in Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock worth $2,389,000 after purchasing an additional 859 shares during the period. Figure 8 Investment Strategies LLC bought a new position in Ameresco during the fourth quarter worth about $707,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Ameresco during the fourth quarter worth about $259,000. Institutional investors own 99.24% of the company's stock.

Ameresco Price Performance

Shares of NYSE:AMRC traded up $0.88 during trading on Wednesday, reaching $12.92. The stock had a trading volume of 1,046,919 shares, compared to its average volume of 465,430. Ameresco, Inc. has a 52 week low of $9.04 and a 52 week high of $39.68. The business's 50-day moving average price is $18.67 and its 200 day moving average price is $25.95. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $678.62 million, a PE ratio of 12.92, a P/E/G ratio of 0.49 and a beta of 2.07.

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Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. As a group, equities analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Insider Activity at Ameresco

In other Ameresco news, CEO George P. Sakellaris bought 50,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $9.96 per share, with a total value of $498,000.00. Following the acquisition, the chief executive officer now owns 903,638 shares of the company's stock, valued at approximately $9,000,234.48. The trade was a 5.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $9.67 per share, with a total value of $33,845.00. Following the acquisition, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This trade represents a 24.58 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 80,808 shares of company stock valued at $785,274 over the last quarter. Corporate insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

AMRC has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Robert W. Baird cut their price target on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Canaccord Genuity Group cut their price target on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, UBS Group cut shares of Ameresco from a "buy" rating to a "sell" rating and cut their target price for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.63.

Ameresco Company Profile

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.