Hussman Strategic Advisors Inc. Invests $1.02 Million in Ameresco, Inc. (NYSE:AMRC)

Hussman Strategic Advisors Inc. acquired a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,000 shares of the utilities provider's stock, valued at approximately $1,015,000. Hussman Strategic Advisors Inc. owned 0.16% of Ameresco as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 valued at $97,000 after purchasing an additional 4,557 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Ameresco in the 4th quarter worth about $146,000. Lazard Asset Management LLC boosted its holdings in shares of 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. Schonfeld Strategic Advisors LLC purchased a new position in shares of Ameresco in the 4th quarter worth about $203,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Ameresco by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock worth $205,000 after purchasing an additional 5,949 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Down 0.7%

NYSE AMRC traded down $0.12 during midday trading on Friday, hitting $18.24. 2,860,152 shares of the company traded hands, compared to its average volume of 523,692. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market cap of $958.35 million, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.86 and a beta of 2.22. The company's 50-day simple moving average is $15.58 and its 200-day simple moving average is $15.76. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $323.71 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The firm's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMRC shares. Canaccord Genuity Group lifted their price objective on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Stifel Nicolaus dropped 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. Robert W. Baird reaffirmed a "neutral" rating and issued a $13.00 price target (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Piper Sandler set a $21.00 price target on Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.67.

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.