Ameresco, Inc. (NYSE:AMRC) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 731.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,705 shares of the utilities provider's stock after purchasing an additional 202,970 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.44% of Ameresco worth $2,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in Ameresco by 204.2% during the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after acquiring an additional 39,773 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Ameresco during the 4th quarter worth approximately $259,000. Figure 8 Investment Strategies LLC bought a new position in Ameresco during the 4th quarter worth approximately $707,000. Bank of New York Mellon Corp raised its holdings in Ameresco by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock worth $2,389,000 after buying an additional 859 shares during the period. Finally, Nicola Wealth Management LTD. raised its holdings in Ameresco by 3.8% during the 4th quarter. Nicola Wealth Management LTD. now owns 55,000 shares of the utilities provider's stock worth $1,291,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Performance

AMRC traded down $0.17 during midday trading on Friday, reaching $15.84. The company had a trading volume of 361,211 shares, compared to its average volume of 506,585. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average of $12.72 and a two-hundred day moving average of $17.19. The company has a market cap of $832.25 million, a P/E ratio of 15.84, a P/E/G ratio of 0.49 and a beta of 2.24. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.15. The company had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The firm's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, equities research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMRC. Canaccord Genuity Group lifted their price objective on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. UBS Group reissued a "sell" rating and issued a $11.00 target price on shares of Ameresco in a research report on Tuesday, June 3rd. Wall Street Zen raised Ameresco from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird reissued a "neutral" rating and set a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus reduced their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.