Ameresco, Inc. (NYSE:AMRC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 752,375 shares of the utilities provider's stock after acquiring an additional 64,764 shares during the period. American Century Companies Inc. owned approximately 1.43% of Ameresco worth $17,666,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Ameresco by 87.7% in the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock worth $9,888,000 after acquiring an additional 196,776 shares during the period. Stifel Financial Corp boosted its holdings in shares of Ameresco by 35.1% in the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider's stock valued at $4,487,000 after acquiring an additional 30,718 shares in the last quarter. Barclays PLC increased its stake in shares of Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after acquiring an additional 39,773 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Ameresco by 96.8% during the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock worth $1,060,000 after purchasing an additional 22,197 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

AMRC has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Robert W. Baird decreased their price target on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. UBS Group lowered Ameresco from a "buy" rating to a "sell" rating and dropped their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group reduced their target price on Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.57.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George P. Sakellaris acquired 25,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $9.27 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief executive officer now owns 978,638 shares in the company, valued at approximately $9,071,974.26. The trade was a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Insiders own 42.00% of the company's stock.

Ameresco Price Performance

Shares of Ameresco stock traded down $0.62 on Friday, hitting $10.62. The company's stock had a trading volume of 272,062 shares, compared to its average volume of 482,963. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a fifty day moving average price of $15.82 and a 200-day moving average price of $24.46. Ameresco, Inc. has a 52-week low of $9.04 and a 52-week high of $39.68. The company has a market capitalization of $557.72 million, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $524.31 million. On average, equities research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

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.