Bandera Partners LLC Purchases 408,257 Shares of Ameresco, Inc. $AMRC

Key Points

• Bandera Partners LLC significantly increased its ownership of Ameresco, Inc. by 125.2%, acquiring an additional 408,257 shares to hold a total of 734,355 shares.
• Several hedge funds, including GAMMA Investing LLC and JCP Investment Management LLC, have also increased their stakes in Ameresco, revealing strong institutional interest with 99.24% of the stock owned by such investors.
• Despite recent increases in price targets from some analysts, consensus ratings for Ameresco remain mixed, with two analysts rating it a sell, three a hold, and three a buy, indicating uncertainty among market experts.

Bandera Partners LLC grew its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 125.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 734,355 shares of the utilities provider's stock after purchasing an additional 408,257 shares during the quarter. Ameresco comprises about 3.2% of Bandera Partners LLC's investment portfolio, making the stock its 12th largest position. Bandera Partners LLC owned 1.40% of Ameresco worth $8,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Ameresco during the first quarter worth $40,000. GAMMA Investing LLC raised its position in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after acquiring an additional 4,557 shares during the last quarter. JCP Investment Management LLC raised its position in shares of Ameresco by 55.6% during the first quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider's stock worth $169,000 after acquiring an additional 5,000 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after acquiring an additional 4,362 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ameresco during the first quarter worth $180,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Trading Up 6.7%

Shares of Ameresco stock traded up $1.52 during trading hours on Friday, hitting $24.24. The company's stock had a trading volume of 359,648 shares, compared to its average volume of 677,991. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68. The stock has a 50 day moving average of $18.03 and a 200 day moving average of $15.09. The company has a market capitalization of $1.27 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.13 and a beta of 2.27. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.Ameresco's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AMRC. Canaccord Genuity Group upped their price objective on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and upped their price objective for the company from $11.00 to $23.00 in a report on Monday. Stifel Nicolaus dropped their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Jefferies Financial Group upped their price objective on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Ameresco currently has an average rating of "Hold" and a consensus target price of $20.33.

Ameresco 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.