MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in Ameresco, Inc. (NYSE:AMRC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ameresco, Inc. (NYSE:AMRC) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,593 shares of the utilities provider’s stock after acquiring an additional 747 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of Ameresco worth $977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Ameresco during the fourth quarter worth $146,000. Lazard Asset Management LLC boosted its stake in Ameresco by 145.0% in the 4th 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. Schonfeld Strategic Advisors LLC acquired a new stake in Ameresco in the 4th quarter worth about $203,000. JCP Investment Management LLC purchased a new stake in Ameresco in the 4th quarter valued at about $211,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Ameresco during the 4th quarter valued at about $244,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO George P. Sakellaris acquired 25,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $9.27 per share, for a total transaction of $231,750.00. Following the acquisition, the chief executive officer now directly owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This represents a 2.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $9.67 per share, with a total value of $33,845.00. Following the completion of the purchase, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This represents a 24.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 80,808 shares of company stock valued at $785,274. Corporate insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group cut shares of Ameresco from a “buy” rating to a “sell” rating and decreased their target price for the stock from $37.00 to $8.00 in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on shares of Ameresco from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Canaccord Genuity Group upped their price objective on Ameresco from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Piper Sandler set a $21.00 target price on Ameresco and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Finally, Baird R W downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ameresco has an average rating of “Hold” and a consensus target price of $20.17.

Ameresco Stock Performance

Shares of AMRC stock opened at $13.64 on Monday. The company’s fifty day simple moving average is $11.84 and its 200-day simple moving average is $18.44. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $39.68. The company has a market cap of $716.66 million, a PE ratio of 13.64, a P/E/G ratio of 0.49 and a beta of 2.20.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data 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 return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $352.83 million for the quarter, compared to analysts’ expectations of $323.71 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current year.

Ameresco Company 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.