Victory Capital Management Inc. Buys 22,197 Shares of Ameresco, Inc. (NYSE:AMRC)

Victory Capital Management Inc. boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 96.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,137 shares of the utilities provider's stock after buying an additional 22,197 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Ameresco worth $1,060,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after purchasing an additional 2,279 shares during the period. FMR LLC lifted its holdings in shares of Ameresco by 257.9% in the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock valued at $203,000 after purchasing an additional 3,855 shares in the last quarter. Cetera Trust Company N.A boosted its position in shares of Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after buying an additional 440 shares during the period. Holocene Advisors LP bought a new position in shares of Ameresco during the third quarter worth about $275,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Ameresco in the 3rd quarter valued at approximately $349,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 40,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares in the company, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George P. Sakellaris bought 50,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the transaction, the chief executive officer now directly owns 903,638 shares of the company's stock, valued at $9,000,234.48. The trade was a 5.86 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Company insiders own 42.00% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Robert W. Baird reduced their price target on Ameresco from $42.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Canaccord Genuity Group cut their price objective on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and decreased their target price for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus cut their price target on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ameresco currently has an average rating of "Moderate Buy" and an average target price of $27.63.

Ameresco Stock Performance

Shares of AMRC stock traded down $0.11 on Thursday, reaching $12.79. The stock had a trading volume of 1,064,902 shares, compared to its average volume of 467,973. Ameresco, Inc. has a 12 month low of $9.04 and a 12 month high of $39.68. The firm has a market capitalization of $671.89 million, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.49 and a beta of 2.07. The firm's 50-day moving average is $18.39 and its two-hundred day moving average is $25.86. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. On average, research analysts expect that Ameresco, Inc. will post 1.15 EPS 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.