Ameresco, Inc. (NYSE:AMRC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Ameresco, Inc. (NYSE:AMRC) by 159.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,274 shares of the utilities provider’s stock after purchasing an additional 72,137 shares during the period. Victory Capital Management Inc. owned about 0.22% of Ameresco worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Ameresco in the 4th quarter worth $146,000. Lazard Asset Management LLC increased its holdings 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 acquiring an additional 4,362 shares in the last quarter. GAMMA Investing LLC increased its holdings in Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Ameresco during the fourth quarter worth $203,000. Finally, JCP Investment Management LLC purchased a new stake in shares of Ameresco during the fourth quarter worth $211,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Trading Down 0.4%

Shares of AMRC stock opened at $17.85 on Wednesday. The company’s 50-day moving average price is $16.06 and its 200-day moving average price is $15.33. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.50. The stock has a market cap of $937.59 million, a price-to-earnings ratio of 17.50, a PEG ratio of 0.85 and a beta of 2.22. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.15. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The firm 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 company posted ($0.10) EPS. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Ameresco from $11.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 target price (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Canaccord Genuity Group upped their target price on shares of Ameresco from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Baird R W lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.33.

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.