Walleye Capital LLC Invests $121,000 in Ameresco, Inc. $AMRC

Key Points

• Walleye Capital LLC has acquired 10,035 shares of Ameresco, Inc., valued at approximately $121,000, as part of its first-quarter investment.
• Several hedge funds have recently adjusted their positions in Ameresco, with over 99% of the stock now owned by institutional investors.
• Ameresco's stock has seen significant analyst upgrades, with the consensus rating shifting to a "Moderate Buy" and an average price target of $24.00.

Walleye Capital LLC bought a new position in Ameresco, Inc. (NYSE:AMRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,035 shares of the utilities provider's stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMRC. Headlands Technologies LLC acquired a new stake in Ameresco in the 1st quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after buying an additional 4,557 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Ameresco during the first quarter worth approximately $114,000. JCP Investment Management LLC lifted its holdings in shares of Ameresco by 55.6% during the first quarter. JCP Investment Management LLC now owns 14,000 shares of the utilities provider's stock worth $169,000 after buying an additional 5,000 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Ameresco by 145.0% during the fourth 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 last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

Shares of AMRC traded down $0.69 on Thursday, reaching $27.33. 670,882 shares of the stock traded hands, compared to its average volume of 593,934. The stock's 50-day moving average price is $20.98 and its 200-day moving average price is $15.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.40 and a beta of 2.26. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The company had revenue of $472.28 million for the quarter, compared to analysts' expectations of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMRC shares. Jefferies Financial Group upped their price target on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and upped their price target for the stock from $11.00 to $23.00 in a report on Monday, August 18th. B. Riley upped their price target on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $25.14.

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.