Graham Capital Management L.P. Purchases 54,687 Shares of Ameresco, Inc. $AMRC

Key Points

• Graham Capital Management L.P. significantly increased its stake in Ameresco, acquiring an additional 54,687 shares, bringing its total holdings to 73,942 shares valued at approximately $893,000.
• Ameresco reported a strong financial performance, with a quarterly earnings per share of $0.27, exceeding analysts' expectations of $0.06, and a revenue of $472.28 million.
• Investor sentiment towards Ameresco has improved, with several analysts upgrading their ratings and target prices, suggesting a consensus rating of "Moderate Buy" with a target price around $24.00.

Graham Capital Management L.P. boosted its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 284.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,942 shares of the utilities provider's stock after purchasing an additional 54,687 shares during the quarter. Graham Capital Management L.P. owned about 0.14% of Ameresco worth $893,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMRC. Price T Rowe Associates Inc. MD grew its holdings in Ameresco by 6.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock valued at $711,000 after buying an additional 1,967 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Ameresco during the fourth quarter worth $203,000. Bank of America Corp DE grew its stake in Ameresco by 6.0% during the fourth quarter. Bank of America Corp DE now owns 196,592 shares of the utilities provider's stock valued at $4,616,000 after acquiring an additional 11,163 shares in the last quarter. Captrust Financial Advisors grew its stake in Ameresco by 25.4% during the fourth quarter. Captrust Financial Advisors now owns 22,131 shares of the utilities provider's stock valued at $520,000 after acquiring an additional 4,484 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in Ameresco by 23.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 238,002 shares of the utilities provider's stock valued at $5,588,000 after acquiring an additional 44,442 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Trading Up 13.0%

AMRC stock traded up $3.23 during midday trading on Wednesday, reaching $28.10. 1,219,483 shares of the company traded hands, compared to its average volume of 570,287. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.24 and a beta of 2.26. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68. The business has a 50 day moving average of $20.77 and a 200-day moving average of $15.63. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The firm had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, sell-side analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMRC shares. Robert W. Baird raised shares of Ameresco from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. Wall Street Zen lowered Ameresco from a "hold" rating to a "sell" rating in a research note on Sunday. Jefferies Financial Group raised their price target on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Baird R W raised Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. Finally, B. Riley increased their target price on Ameresco from $22.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.14.

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.