Kayne Anderson Capital Advisors LP Has $2.85 Million Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Kayne Anderson Capital Advisors LP decreased its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 51.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,847 shares of the utilities provider's stock after selling 96,834 shares during the quarter. Kayne Anderson Capital Advisors LP owned about 0.17% of Ameresco worth $2,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Ameresco by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 130,116 shares of the utilities provider's stock valued at $5,017,000 after purchasing an additional 6,032 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ameresco by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,941 shares of the utilities provider's stock valued at $576,000 after purchasing an additional 800 shares during the period. Inspire Investing LLC increased its position in Ameresco by 25.1% during the third quarter. Inspire Investing LLC now owns 8,008 shares of the utilities provider's stock worth $309,000 after purchasing an additional 1,607 shares during the last quarter. Emerald Advisers LLC raised its stake in Ameresco by 24.7% during the third quarter. Emerald Advisers LLC now owns 369,431 shares of the utilities provider's stock worth $14,245,000 after purchasing an additional 73,185 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Ameresco by 20.0% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 292,411 shares of the utilities provider's stock valued at $11,275,000 after purchasing an additional 48,737 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Stock Up 3.7 %

Shares of AMRC traded up $1.01 during midday trading on Thursday, hitting $27.95. The company had a trading volume of 480,480 shares, compared to its average volume of 534,376. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 0.65 and a beta of 1.60. The company's 50 day moving average price is $21.42 and its 200 day moving average price is $24.75. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $63.19.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company had revenue of $298.41 million for the quarter, compared to the consensus estimate of $255.38 million. During the same quarter last year, the business posted $0.03 EPS. Ameresco's quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Ameresco, Inc. will post 1.39 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BNP Paribas upgraded Ameresco from a "neutral" rating to an "outperform" rating and set a $34.00 target price on the stock in a report on Tuesday, March 12th. Guggenheim reaffirmed a "neutral" rating on shares of Ameresco in a research report on Thursday, February 29th. Oppenheimer restated a "market perform" rating on shares of Ameresco in a report on Wednesday, April 17th. Truist Financial cut their price objective on Ameresco from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, April 22nd. Finally, Stifel Nicolaus decreased their target price on Ameresco from $35.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Ameresco has a consensus rating of "Moderate Buy" and a consensus target price of $40.42.

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.