Bandera Partners LLC Decreases Stock Holdings in Ameresco, Inc. $AMRC

Bandera Partners LLC reduced its position in shares of Ameresco, Inc. (NYSE:AMRC) by 28.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 526,769 shares of the utilities provider’s stock after selling 207,586 shares during the quarter. Ameresco makes up about 3.6% of Bandera Partners LLC’s holdings, making the stock its 11th biggest holding. Bandera Partners LLC owned about 1.00% of Ameresco worth $8,002,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMRC. Granahan Investment Management LLC increased its position in shares of Ameresco by 3,822.9% in the first quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider’s stock valued at $5,031,000 after acquiring an additional 405,879 shares during the period. Gagnon Securities LLC boosted its holdings in shares of Ameresco by 69.6% during the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider’s stock worth $11,700,000 after purchasing an additional 397,326 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of Ameresco in the first quarter worth about $2,957,000. Gagnon Advisors LLC increased its holdings in Ameresco by 73.4% during the 1st quarter. Gagnon Advisors LLC now owns 472,798 shares of the utilities provider’s stock valued at $5,711,000 after purchasing an additional 200,104 shares during the period. Finally, First Eagle Investment Management LLC raised its position in Ameresco by 33.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider’s stock valued at $11,450,000 after purchasing an additional 187,380 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Trading Up 3.7%

Ameresco stock opened at $32.60 on Tuesday. Ameresco, Inc. has a 12 month low of $8.49 and a 12 month high of $44.93. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.93 and a beta of 2.42. The business’s fifty day simple moving average is $36.16 and its two-hundred day simple moving average is $24.73. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.09. The firm had revenue of $525.99 million during the quarter, compared to the consensus estimate of $518.41 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. B. Riley raised their price target on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Baird R W upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Ameresco in a report on Wednesday, November 19th. Finally, Jefferies Financial Group set a $45.00 target price on shares of Ameresco and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.