First Eagle Investment Management LLC Sells 167,086 Shares of Ameresco, Inc. (NYSE:AMRC)

First Eagle Investment Management LLC cut its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 58.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,531 shares of the utilities provider's stock after selling 167,086 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.22% of Ameresco worth $3,722,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Cetera Trust Company N.A bought a new stake in Ameresco during the fourth quarter worth $106,000. Quantbot Technologies LP bought a new position in shares of Ameresco during the 3rd quarter worth approximately $295,000. Victory Capital Management Inc. boosted its position in Ameresco by 28.3% during the third quarter. Victory Capital Management Inc. now owns 8,566 shares of the utilities provider's stock worth $330,000 after purchasing an additional 1,892 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Ameresco by 24.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Ameresco in the fourth quarter valued at about $343,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Price Performance

Shares of AMRC stock traded down $0.05 on Friday, reaching $27.35. The company had a trading volume of 365,006 shares, compared to its average volume of 563,316. The business's 50-day moving average is $22.46 and its 200 day moving average is $24.74. Ameresco, Inc. has a one year low of $17.55 and a one year high of $63.19. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.43 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.60.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The firm had revenue of $298.41 million for the quarter, compared to analysts' expectations of $255.38 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Ameresco, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMRC shares. UBS Group boosted their price objective on Ameresco from $36.00 to $39.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com raised shares of Ameresco to a "sell" rating in a research report on Wednesday, May 8th. Canaccord Genuity Group lowered their price target on shares of Ameresco from $50.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. Piper Sandler cut their price target on Ameresco from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, April 11th. Finally, Robert W. Baird raised their price objective on Ameresco from $28.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.