Millennium Management LLC Sells 203,179 Shares of Ameresco, Inc. (NYSE:AMRC)

Millennium Management LLC decreased its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 52.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,054 shares of the utilities provider's stock after selling 203,179 shares during the quarter. Millennium Management LLC owned approximately 0.35% of Ameresco worth $4,345,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMRC. First Eagle Investment Management LLC grew its holdings in 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 purchasing an additional 196,776 shares during the period. Vanguard Group Inc. raised its position in shares of Ameresco by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock valued at $74,767,000 after purchasing an additional 37,359 shares during the period. Barclays PLC grew its position in shares of Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock valued at $2,248,000 after purchasing an additional 39,773 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Ameresco by 96.8% in the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock valued at $1,060,000 after purchasing an additional 22,197 shares during the period. Finally, Invesco Ltd. grew its position in Ameresco by 29.8% during the fourth quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock worth $7,560,000 after buying an additional 73,928 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

Insider Buying and Selling at Ameresco

In other Ameresco news, CEO George P. Sakellaris acquired 25,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now directly owns 978,638 shares of the company's stock, valued at $9,071,974.26. This trade represents a 2.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 27,308 shares of company stock worth $253,429. 42.00% of the stock is currently owned by company insiders.

Ameresco Price Performance

Shares of NYSE AMRC traded up $1.46 during midday trading on Tuesday, reaching $14.99. 95,034 shares of the company were exchanged, compared to its average volume of 503,809. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The stock has a market cap of $787.59 million, a P/E ratio of 14.99, a PEG ratio of 0.49 and a beta of 2.20. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The stock's 50-day moving average price is $11.97 and its 200-day moving average price is $17.91.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15. The business had revenue of $352.83 million during the quarter, compared to analysts' expectations of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMRC has been the topic of a number of recent analyst reports. Piper Sandler set a $21.00 price target on Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. UBS Group upped their price target on shares of Ameresco from $8.00 to $11.00 and gave the stock a "sell" rating in a report on Tuesday. Stifel Nicolaus reduced their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird restated a "neutral" rating and set a $13.00 price objective (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.67.

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.