Ameresco, Inc. $AMRC Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Ameresco, Inc. by 15.4%, bringing its holdings to 193,761 shares valued at approximately $2.34 million.
• Ameresco reported $0.27 EPS for the last quarter, significantly beating analysts' estimate of $0.06, with revenues of $472.28 million, up 7.8% year-over-year.
• Institutional investors own 99.24% of Ameresco's stock, with recent price target adjustments ranging from $17.00 to $29.00 from multiple analysts.

Algert Global LLC lifted its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 15.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,761 shares of the utilities provider's stock after acquiring an additional 25,873 shares during the period. Algert Global LLC owned approximately 0.37% of Ameresco worth $2,341,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMRC. First Trust Advisors LP increased its position in shares of Ameresco by 124.4% in the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Gagnon Securities LLC increased its position in shares of Ameresco by 69.6% in the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock worth $11,700,000 after acquiring an additional 397,326 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Ameresco in the first quarter worth $3,850,000. Rock Point Advisors LLC increased its position in shares of Ameresco by 97.7% in the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock worth $6,245,000 after acquiring an additional 255,538 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after acquiring an additional 214,918 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Trading Up 0.5%

NYSE AMRC opened at $22.7550 on Friday. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.13 and a beta of 2.27. The company's fifty day moving average price is $18.03 and its two-hundred day moving average price is $15.09.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The firm had revenue of $472.28 million for the quarter, compared to the consensus estimate of $415.30 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several recent research reports. UBS Group raised shares of Ameresco from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $11.00 to $23.00 in a research report on Monday. Stifel Nicolaus lowered their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a report on Monday, May 12th. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Canaccord Genuity Group raised their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ameresco currently has an average rating of "Hold" and an average target price of $20.33.

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.

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