Russell Investments Group Ltd. Has $2.34 Million Stake in Ameresco, Inc. (NYSE:AMRC)

Russell Investments Group Ltd. decreased its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,731 shares of the utilities provider's stock after selling 55,326 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Ameresco worth $2,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Trustees of Princeton University acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $7,170,000. Ashford Capital Management Inc. acquired a new stake in shares of Ameresco in the 3rd quarter valued at $7,858,000. Wellington Management Group LLP lifted its stake in shares of Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider's stock valued at $45,083,000 after acquiring an additional 176,971 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Ameresco by 23.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 619,567 shares of the utilities provider's stock valued at $23,745,000 after acquiring an additional 116,613 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Ameresco by 32.6% in the third quarter. First Eagle Investment Management LLC now owns 284,617 shares of the utilities provider's stock worth $10,975,000 after purchasing an additional 69,997 shares during the period. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Down 6.5 %

Shares of AMRC traded down $1.95 during mid-day trading on Wednesday, hitting $28.03. 670,144 shares of the company's stock were exchanged, compared to its average volume of 544,024. The company has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $24.74. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market cap of $1.47 billion, a PE ratio of 25.48, a P/E/G ratio of 0.83 and a beta of 1.60. 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 issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $298.41 million for the quarter, compared to analysts' expectations of $255.38 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. On average, research analysts forecast that Ameresco, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMRC has been the subject of a number of analyst reports. Raymond James lowered their target price on shares of Ameresco from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, April 3rd. Robert W. Baird increased their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, May 9th. Piper Sandler decreased their price target on shares of Ameresco from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, April 11th. StockNews.com raised Ameresco to a "sell" rating in a research note on Wednesday, May 8th. Finally, Truist Financial decreased their target price on Ameresco from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.31.

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.