2 weeks Ago By Defense World Staff
Geode Capital Management LLC boosted its holdings in shares of Ameresco, Inc. (NYSE:AMRC – Free Report) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 758,952 shares of the utilities provider’s stock after acquiring an additional 4,177 shares during the quarter. Geode Capital Management LLC owned 1.45% of Ameresco worth $17,825,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AMRC. Vanguard Group Inc. lifted its position in shares of Ameresco by 1.
2% during the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after purchasing an additional 37,359 shares during the last quarter.
American Century Companies Inc. lifted its holdings in Ameresco by 9.4% during the 4th quarter.
American Century Companies Inc. now owns 752,375 shares of the utilities provider’s stock valued at $17,666,000 after buying an additional 64,764 shares in the last quarter. DnB Asset Management AS boosted its position in Ameresco by 59.
6% in the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock valued at $14,403,000 after buying an additional 229,128 shares during the period. Gagnon Securities LLC grew its stake in Ameresco by 22.
5% in the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock worth $13,412,000 after acquiring an additional 104,861 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Ameresco by 87.
7% during the fourth 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. Hedge funds and other institutional investors own 99.
24% of the company’s stock. Insider ActivityIn related news, Director Francis V. Wisneski, Jr.
bought 3,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $9.67 per share, for a total transaction of $33,845.
00. Following the purchase, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46.
This trade represents a 24.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Also, 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 sale, the director now directly owns 17,225 shares in the company, valued at approximately $362,758.
50. This represents a 69.90 % decrease in their position.
The disclosure for this sale can be found here. In the last quarter, insiders acquired 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Company insiders own 42.
00% of the company’s stock. Ameresco Price PerformanceAMRC opened at $10.04 on Friday.
The firm has a market capitalization of $527.72 million, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.
49 and a beta of 2.02. The business’s 50-day moving average is $12.
91 and its two-hundred day moving average is $22.04. Ameresco, Inc.
has a 1 year low of $9.00 and a 1 year high of $39.68.
The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.
26. Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.
88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12.
Ameresco had a net margin of 3.18% and a return on equity of 5.68%.
The firm had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million.
Research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.
Wall Street Analyst Weigh InA number of analysts recently issued reports on the company. Canaccord Genuity Group lowered their price target on Ameresco from $36.00 to $27.
00 and set a “buy” rating for the company in a report on Friday, February 28th. Stifel Nicolaus lowered their target price on Ameresco from $34.00 to $18.
00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Robert W. Baird restated a “neutral” rating and set a $13.
00 price target (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Baird R W cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th.
Finally, UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and reduced their price target for the company from $37.00 to $8.00 in a report on Tuesday, March 4th.
Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.
86.Check Out Our Latest Report on AmerescoAmeresco Profile (Free Report)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.Further ReadingFive stocks we like better than AmerescoProfitably Trade Stocks at 52-Week HighsJ.
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