Two Sigma Investments LP Sells 23,604 Shares of Ameresco, Inc. (NYSE:AMRC)

Two Sigma Investments LP trimmed its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,612 shares of the utilities provider's stock after selling 23,604 shares during the period. Two Sigma Investments LP owned 0.09% of Ameresco worth $1,118,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC bought a new stake in shares of Ameresco in the 4th quarter worth approximately $398,000. Silvercrest Asset Management Group LLC increased its position in Ameresco by 41.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider's stock valued at $5,677,000 after buying an additional 71,236 shares in the last quarter. ProShare Advisors LLC raised its stake in Ameresco by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,074 shares of the utilities provider's stock valued at $213,000 after buying an additional 2,986 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ameresco by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock worth $977,000 after acquiring an additional 747 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in 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. Institutional investors own 99.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler set a $21.00 price target on Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and cut their price objective for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Robert W. Baird reaffirmed a "neutral" rating and issued a $13.00 target price (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Stifel Nicolaus dropped their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Canaccord Genuity Group increased 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.17.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $14.88 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The firm has a market cap of $781.76 million, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.49 and a beta of 2.24. The business has a 50-day simple moving average of $12.13 and a two-hundred day simple moving average of $17.79. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last announced 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 net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Ameresco 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.

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