Ameresco, Inc. (NYSE:AMRC - Get Free Report) CEO George P. Sakellaris bought 25,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $9.27 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 978,638 shares in the company, valued at $9,071,974.26. This represents a 2.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:AMRC traded down $0.66 during midday trading on Thursday, reaching $9.27. The company had a trading volume of 1,089,708 shares, compared to its average volume of 596,323. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock's fifty day moving average price is $21.26 and its 200-day moving average price is $27.14. The stock has a market capitalization of $486.25 million, a P/E ratio of 9.27, a PEG ratio of 0.49 and a beta of 1.79. Ameresco, Inc. has a one year low of $9.04 and a one year high of $39.68.
Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Equities research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. increased its stake in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 2,279 shares during the last quarter. FMR LLC boosted its holdings in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock valued at $203,000 after acquiring an additional 3,855 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Ameresco during the fourth quarter valued at $146,000. Cetera Trust Company N.A boosted its holdings in shares of Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after acquiring an additional 440 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Ameresco during the third quarter valued at $275,000. Institutional investors own 99.24% of the company's stock.
A number of brokerages have recently commented on AMRC. Stifel Nicolaus lowered their price target on shares of Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday. Robert W. Baird decreased their target price on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Canaccord Genuity Group decreased their target price on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. StockNews.com raised shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ameresco presently has a consensus rating of "Moderate Buy" and an average price target of $28.33.
Read Our Latest Research Report on AMRC
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.
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