Stephens Investment Management Group LLC Sells 53,080 Shares of Ameresco, Inc. (NYSE:AMRC)

Stephens Investment Management Group LLC decreased its position in shares of Ameresco, Inc. (NYSE:AMRC) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,305 shares of the utilities provider’s stock after selling 53,080 shares during the period. Stephens Investment Management Group LLC’s holdings in Ameresco were worth $40,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LGT Group Foundation acquired a new stake in Ameresco during the second quarter worth approximately $20,325,000. Swedbank AB acquired a new stake in shares of Ameresco during the 1st quarter worth $12,065,000. Point72 Asset Management L.P. acquired a new position in Ameresco in the second quarter valued at about $10,821,000. Redwood Grove Capital LLC bought a new stake in Ameresco during the first quarter worth about $7,170,000. Finally, DekaBank Deutsche Girozentrale grew its stake in Ameresco by 3,389.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider’s stock worth $7,124,000 after buying an additional 179,635 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Up 2.6 %

Shares of NYSE AMRC opened at $30.77 on Friday. The company has a 50 day simple moving average of $33.00 and a 200 day simple moving average of $30.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The firm has a market cap of $1.61 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.21 and a beta of 1.79.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). The business had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The company’s revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. On average, research analysts forecast that Ameresco, Inc. will post 1.16 EPS for the current year.

Insider Buying and Selling

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the sale, the chief financial officer now owns 1,878 shares in the company, valued at approximately $49,823.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 5,221 shares of company stock valued at $140,814 in the last three months. Insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMRC shares. Piper Sandler boosted their target price on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group started coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. StockNews.com raised Ameresco to a “sell” rating in a report on Wednesday, October 16th. UBS Group boosted their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Robert W. Baird upped their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.73.

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.