CenterBook Partners LP Takes $3.85 Million Position in Ameresco, Inc. (NYSE:AMRC)

CenterBook Partners LP purchased a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 318,675 shares of the utilities provider's stock, valued at approximately $3,850,000. CenterBook Partners LP owned 0.61% of Ameresco as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Ameresco by 124.4% during the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock valued at $19,682,000 after buying an additional 464,737 shares in the last quarter. Gagnon Securities LLC raised its position in Ameresco by 69.6% during the first 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 in the last quarter. Rock Point Advisors LLC raised its position in Ameresco by 97.7% during the first 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 in the last quarter. DnB Asset Management AS lifted its stake in Ameresco by 59.6% during the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider's stock worth $14,403,000 after purchasing an additional 229,128 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after purchasing an additional 214,918 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Trading Down 0.4%

Shares of NYSE AMRC traded down $0.07 during mid-day trading on Wednesday, hitting $18.27. The stock had a trading volume of 1,388,150 shares, compared to its average volume of 518,596. The business has a 50 day moving average price of $15.38 and a two-hundred day moving average price of $15.88. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68. The firm has a market cap of $960.01 million, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 0.87 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.15. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The company had revenue of $352.83 million for the quarter, compared to analysts' expectations of $323.71 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Ameresco's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Piper Sandler set a $21.00 target price 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 reaffirmed a "sell" rating and set a $11.00 target price on shares of Ameresco in a report on Tuesday, June 3rd. Robert W. Baird reiterated a "neutral" rating and issued a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus cut their price target 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ameresco currently has a consensus rating of "Hold" and a consensus target price 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.