Trexquant Investment LP Reduces Stock Holdings in Ameresco, Inc. $AMRC

Key Points

• Trexquant Investment LP reduced its stake in Ameresco, Inc. by 23.2%, selling 52,152 shares and owning 173,117 shares at a value of approximately $2.09 million.
• Analysts upgraded Ameresco's rating from "neutral" to "outperform," with a new price target raised to $35.00, while other firms provided various ratings from "hold" to "strong-buy."
• Ameresco exceeded earnings expectations with $0.27 EPS reported for its latest quarter, significantly above the consensus estimate of $0.06, showing a revenue increase of 7.8% year-over-year.

Trexquant Investment LP decreased its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 23.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,117 shares of the utilities provider's stock after selling 52,152 shares during the quarter. Trexquant Investment LP owned approximately 0.33% of Ameresco worth $2,091,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in Ameresco by 12.8% during the 1st quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock valued at $13,289,000 after purchasing an additional 125,030 shares during the period. Gagnon Securities LLC increased its position in Ameresco by 69.6% during the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after purchasing an additional 397,326 shares during the period. Bandera Partners LLC increased its position in Ameresco by 125.2% during the 1st quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock valued at $8,871,000 after purchasing an additional 408,257 shares during the period. Rock Point Advisors LLC increased its position in Ameresco by 97.7% during the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock valued at $6,245,000 after purchasing an additional 255,538 shares during the period. Finally, Gagnon Advisors LLC increased its position in Ameresco by 73.4% during the 1st quarter. Gagnon Advisors LLC now owns 472,798 shares of the utilities provider's stock valued at $5,711,000 after purchasing an additional 200,104 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Stock Performance

NYSE:AMRC traded up $3.23 during trading hours on Wednesday, hitting $28.10. 1,219,483 shares of the company were exchanged, compared to its average volume of 570,287. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.24 and a beta of 2.26. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week 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's 50 day moving average price is $20.77 and its 200-day moving average price is $15.63.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday. Robert W. Baird raised shares of Ameresco from a "neutral" rating to an "outperform" rating and raised their target price for the company from $23.00 to $35.00 in a research report on Tuesday, September 2nd. Baird R W raised shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. UBS Group raised shares of Ameresco from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Finally, Jefferies Financial Group lifted their price objective on shares of Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Ameresco presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.14.

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.