Sherbrooke Park Advisers LLC Buys New Holdings in Ameresco, Inc. (NYSE:AMRC)

Sherbrooke Park Advisers LLC bought a new position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,957 shares of the utilities provider's stock, valued at approximately $398,000.

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Ameresco in the fourth quarter valued at approximately $146,000. Cetera Trust Company N.A raised its position in Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after purchasing an additional 440 shares in the last quarter. Lazard Asset Management LLC lifted 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 buying an additional 4,362 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Ameresco in the 4th quarter worth $203,000. Finally, JCP Investment Management LLC bought a new position in shares of Ameresco during the 4th quarter worth $211,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Down 0.2%

Shares of NYSE:AMRC traded down $0.03 during trading on Friday, reaching $13.62. The stock had a trading volume of 45,989 shares, compared to its average volume of 681,471. The firm's 50-day simple moving average is $11.81 and its 200 day simple moving average is $18.78. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The company has a market capitalization of $715.40 million, a P/E ratio of 13.64, a PEG ratio of 0.49 and a beta of 2.20.

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, beating the consensus estimate of ($0.26) by $0.15. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The firm had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMRC has been the subject of several recent research reports. UBS Group downgraded Ameresco from a "buy" rating to a "sell" rating and decreased their price objective for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Canaccord Genuity Group boosted their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. 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 report on Tuesday, April 15th. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ameresco currently has an average rating of "Hold" and a consensus target price of $20.17.

Insider Buying and Selling at Ameresco

In related news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $9.67 per share, with a total value of $33,845.00. Following the completion of the acquisition, the director now directly owns 17,738 shares of the company's stock, valued at $171,526.46. This represents a 24.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris bought 25,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief executive officer now owns 978,638 shares in the company, valued at $9,071,974.26. This trade represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 80,808 shares of company stock worth $785,274. 42.00% of the stock is owned by insiders.

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.