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 its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 734,355 shares of the utilities provider's stock after purchasing an additional 408,257 shares during the period. Ameresco comprises 3.2% of Bandera Partners LLC's portfolio, making the stock its 12th largest holding. Bandera Partners LLC owned about 1.40% of Ameresco worth $8,871,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Ameresco in the 1st quarter valued at about $40,000. Lazard Asset Management LLC increased its holdings in shares of Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after purchasing an additional 4,362 shares during the period. GAMMA Investing LLC increased its holdings in shares of Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after purchasing an additional 4,557 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Ameresco in the 4th quarter valued at about $203,000. Finally, JCP Investment Management LLC acquired a new position in shares of Ameresco in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMRC shares. UBS Group upgraded 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 report on Monday. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Stifel Nicolaus decreased their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Jefferies Financial Group boosted their target price 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. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.33.

Ameresco Stock Performance

Shares of NYSE:AMRC traded up $0.0580 during trading on Wednesday, reaching $22.5580. The stock had a trading volume of 1,258,103 shares, compared to its average volume of 682,178. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $39.68. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.14 and a beta of 2.27. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $17.76 and a two-hundred day simple moving average of $15.03.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings results 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 company had revenue of $472.28 million for the quarter, compared to analyst estimates of $415.30 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company's quarterly 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, analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

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.