Stephens Investment Management Group LLC Has $40.61 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Stephens Investment Management Group LLC lessened its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,070,305 shares of the utilities provider's stock after selling 53,080 shares during the quarter. Stephens Investment Management Group LLC owned about 2.04% of Ameresco worth $40,607,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMRC. Vanguard Group Inc. raised its stake in shares of Ameresco by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider's stock worth $75,909,000 after buying an additional 36,303 shares in the last quarter. LGT Group Foundation bought a new stake in shares of Ameresco in the 2nd quarter worth $20,325,000. Swedbank AB bought a new stake in shares of Ameresco in the 1st quarter worth $12,065,000. Point72 Asset Management L.P. bought a new stake in shares of Ameresco in the 2nd quarter worth $10,821,000. Finally, Redwood Grove Capital LLC bought a new stake in shares of Ameresco in the 1st quarter worth $7,170,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Up 5.1 %

Shares of AMRC traded up $1.56 during trading hours on Friday, hitting $32.33. 325,407 shares of the company were exchanged, compared to its average volume of 469,984. The company has a market cap of $1.69 billion, a PE ratio of 29.98, a PEG ratio of 1.04 and a beta of 1.79. The firm's 50 day moving average is $33.07 and its 200-day moving average is $30.32. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $39.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly 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 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 quarter last year, the company posted $0.15 EPS. The business's revenue was up 33.9% compared to the same quarter last year. On average, equities research analysts forecast that Ameresco, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price on the stock. UBS Group upped their price target on Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Piper Sandler upped their price target on Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. StockNews.com raised Ameresco to a "sell" rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird upped their price target on Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ameresco has a consensus rating of "Moderate Buy" and an average price target of $36.73.

Insider Buying and Selling

In related news, CFO Spencer Doran Hole sold 5,000 shares of the business's stock in a transaction dated 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 owns 1,878 shares of the company's stock, valued at approximately $49,823.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 5,221 shares of company stock valued at $140,814. 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.