Jupiter Asset Management Ltd. Acquires New Shares in Ameresco, Inc. (NYSE:AMRC)

Jupiter Asset Management Ltd. acquired a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,198 shares of the utilities provider's stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMRC. KLP Kapitalforvaltning AS bought a new stake in shares of Ameresco in the fourth quarter worth about $146,000. Lazard Asset Management LLC increased its holdings in shares of Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after acquiring an additional 4,362 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Ameresco in the fourth quarter worth about $203,000. Finally, JCP Investment Management LLC bought a new stake in shares of Ameresco in the fourth quarter worth about $211,000. Institutional investors own 99.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Canaccord Genuity Group upped 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. Wall Street Zen cut Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Stifel Nicolaus reduced their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Baird R W cut Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, UBS Group reaffirmed a "sell" rating and set a $11.00 price objective on shares of Ameresco in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Ameresco presently has a consensus rating of "Hold" and an average target price of $18.33.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $16.76 on Tuesday. The stock has a 50 day moving average price of $16.35 and a 200 day moving average price of $15.09. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week 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 stock has a market capitalization of $880.38 million, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.75 and a beta of 2.27.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. Ameresco had a return on equity of 6.32% and a net margin of 2.97%. The firm had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

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.

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