Marshall Wace LLP Has $1.74 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Marshall Wace LLP boosted its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 102.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,210 shares of the utilities provider's stock after acquiring an additional 30,497 shares during the quarter. Marshall Wace LLP owned about 0.12% of Ameresco worth $1,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMRC. LGT Group Foundation bought a new stake in shares of Ameresco during the 2nd quarter worth $20,325,000. Swedbank AB acquired a new position in shares of Ameresco in the 1st quarter valued at $12,065,000. First Trust Advisors LP increased its stake in Ameresco by 59.9% in the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider's stock worth $25,128,000 after purchasing an additional 297,236 shares in the last quarter. Redwood Grove Capital LLC acquired a new stake in Ameresco during the 1st quarter worth about $7,170,000. Finally, American Century Companies Inc. raised its holdings in Ameresco by 190.4% during the 2nd quarter. American Century Companies Inc. now owns 184,281 shares of the utilities provider's stock worth $5,309,000 after buying an additional 120,833 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMRC shares. Robert W. Baird raised their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. B. Riley upgraded shares of Ameresco to a "strong-buy" rating in a research report on Tuesday, June 25th. Jefferies Financial Group assumed coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price on the stock. UBS Group raised their target price on Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Finally, StockNews.com raised Ameresco to a "sell" rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.46.

Ameresco Stock Up 1.1 %

Shares of NYSE:AMRC traded up $0.38 on Friday, reaching $34.68. The company had a trading volume of 229,024 shares, compared to its average volume of 483,129. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.82 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.31 and a beta of 1.79. The stock has a 50-day moving average price of $31.60 and a 200 day moving average price of $29.06. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The company had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. During the same period in the previous year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 33.9% compared to the same quarter last year. On average, equities analysts expect that Ameresco, Inc. will post 1.16 EPS for the current year.

Insider Transactions at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,878 shares in the company, valued at $49,823.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 5,221 shares of company stock worth $140,814. Company insiders own 42.00% of the company's stock.

About Ameresco

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.