Hussman Strategic Advisors Inc. Acquires New Stake in Ameresco, Inc. (NYSE:AMRC)

Hussman Strategic Advisors Inc. acquired a new position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 84,000 shares of the utilities provider's stock, valued at approximately $1,015,000. Hussman Strategic Advisors Inc. owned approximately 0.16% of Ameresco at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP increased its position in shares of Ameresco by 124.4% during the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after buying an additional 464,737 shares during the period. Rock Point Advisors LLC raised its position in shares of Ameresco by 97.7% in the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock worth $6,245,000 after acquiring an additional 255,538 shares in the last quarter. DnB Asset Management AS lifted its stake in shares of Ameresco by 59.6% in the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider's stock valued at $14,403,000 after purchasing an additional 229,128 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after purchasing an additional 214,918 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Ameresco by 731.8% during the first quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider's stock worth $2,787,000 after purchasing an additional 202,970 shares during the period. Institutional investors own 99.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. UBS Group reaffirmed a "sell" rating and set a $11.00 target price on shares of Ameresco in a research report on Tuesday, June 3rd. Robert W. Baird restated a "neutral" rating and set a $13.00 price target (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.67.

Ameresco Stock Up 7.8%

Shares of NYSE AMRC traded up $1.40 during trading on Tuesday, reaching $19.23. The company had a trading volume of 958,753 shares, compared to its average volume of 525,887. Ameresco, Inc. has a 12-month low of $8.49 and a 12-month high of $39.68. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.50. The business's 50-day moving average is $15.74 and its 200 day moving average is $15.65. The stock has a market cap of $1.01 billion, a PE ratio of 18.85, a P/E/G ratio of 0.85 and a beta of 2.22.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate 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 6.32% and a net margin of 2.97%. Ameresco's revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. As a group, equities analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Ameresco Company 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.