Dynamic Advisor Solutions LLC Invests $250,000 in Ameresco, Inc. (NYSE:AMRC)

Dynamic Advisor Solutions LLC acquired a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,700 shares of the utilities provider's stock, valued at approximately $250,000.

Other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Ameresco during the fourth quarter worth about $146,000. Lazard Asset Management LLC boosted its position in Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after purchasing an additional 4,362 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Ameresco by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after purchasing an additional 4,557 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Ameresco during the 4th quarter worth approximately $203,000. Finally, JCP Investment Management LLC purchased a new position in shares of Ameresco during the 4th quarter valued at approximately $211,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Price Performance

Shares of AMRC stock traded down $1.10 on Friday, reaching $15.01. 1,189,307 shares of the company were exchanged, compared to its average volume of 510,436. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57. The business has a 50-day moving average price of $13.29 and a 200 day moving average price of $16.91. The company has a market cap of $788.36 million, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.76 and a beta of 2.24.

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

Wall Street Analyst Weigh In

AMRC has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price target on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Piper Sandler set a $21.00 target price on Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price target on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Baird R W cut Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ameresco presently has a consensus rating of "Hold" and a consensus price target of $20.67.

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.