Rheos Capital Works Inc. Lowers Position in Ameresco, Inc. (NYSE:AMRC)

Rheos Capital Works Inc. lessened its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 288,700 shares of the utilities provider's stock after selling 62,000 shares during the period. Rheos Capital Works Inc. owned about 0.55% of Ameresco worth $10,953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMRC. nVerses Capital LLC acquired a new position in shares of Ameresco in the 2nd quarter valued at about $75,000. Point72 DIFC Ltd acquired a new position in shares of Ameresco in the 2nd quarter valued at about $86,000. GAMMA Investing LLC lifted its stake in shares of Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 2,880 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ameresco in the 2nd quarter valued at about $156,000. Finally, Northside Capital Management LLC acquired a new position in shares of Ameresco in the 2nd quarter valued at about $216,000. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Down 11.2 %

Shares of Ameresco stock traded down $3.91 on Thursday, hitting $30.90. The company had a trading volume of 798,346 shares, compared to its average volume of 477,830. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.21 and a beta of 1.79. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a 50 day moving average of $32.46 and a 200-day moving average of $29.78. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The business had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. During the same period in the prior year, the company earned $0.15 earnings per share. The business's revenue was up 33.9% on a year-over-year basis. As a group, sell-side analysts forecast that Ameresco, Inc. will post 1.16 earnings per share for the current year.

Insiders Place Their Bets

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 5,221 shares of company stock worth $140,814 over the last 90 days. Corporate insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler dropped their price objective on Ameresco from $37.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. UBS Group upped their price target on Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. StockNews.com raised Ameresco to a "sell" rating in a research note on Wednesday. B. Riley raised Ameresco to a "strong-buy" rating in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group began coverage on Ameresco in a research note on Wednesday, September 4th. They set a "hold" rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ameresco currently has a consensus rating of "Moderate Buy" and an average price target of $37.08.

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.