Silvercrest Asset Management Group LLC Purchases 71,236 Shares of Ameresco, Inc. (NYSE:AMRC)

Silvercrest Asset Management Group LLC boosted its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 41.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 241,761 shares of the utilities provider's stock after buying an additional 71,236 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.46% of Ameresco worth $5,677,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMRC. Cetera Trust Company N.A grew its position in shares of Ameresco by 6.9% in the fourth 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ameresco by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock valued at $977,000 after purchasing an additional 747 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock valued at $2,389,000 after purchasing an additional 859 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Ameresco by 10.4% in the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock valued at $482,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Ameresco by 6.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock valued at $711,000 after acquiring an additional 1,967 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Trading Down 4.0%

AMRC stock traded down $0.56 during trading on Thursday, hitting $13.60. The company had a trading volume of 567,332 shares, compared to its average volume of 509,829. 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 business has a 50-day moving average of $11.77 and a 200-day moving average of $18.91. The stock has a market cap of $714.51 million, a PE ratio of 13.60, a PEG ratio of 0.49 and a beta of 2.20.

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, beating analysts' consensus estimates of ($0.26) by $0.15. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $352.83 million for the quarter, compared to analysts' expectations of $323.71 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Canaccord Genuity Group increased their target price on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. UBS Group downgraded Ameresco from a "buy" rating to a "sell" rating and reduced their price target for the company from $37.00 to $8.00 in a research note on Tuesday, March 4th. Robert W. Baird reiterated a "neutral" rating and set a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus reduced their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $20.17.

Insider Buying and Selling at Ameresco

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

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.