Inspire Investing LLC boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC – Free Report) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,703 shares of the utilities provider’s stock after purchasing an additional 3,797 shares during the quarter. Inspire Investing LLC’s holdings in Ameresco were worth $539,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of Ameresco in the fourth quarter valued at about $62,000. nVerses Capital LLC bought a new stake in shares of Ameresco in the second quarter valued at about $75,000. GAMMA Investing LLC boosted its position in shares of Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares during the period. SG Americas Securities LLC bought a new stake in shares of Ameresco in the second quarter valued at about $156,000. Finally, Northside Capital Management LLC bought a new stake in shares of Ameresco in the second quarter valued at about $216,000. 99.24% of the stock is owned by institutional investors.
Insider Activity
In other news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the transaction, the chief financial officer now owns 1,878 shares of the company’s stock, valued at $49,823.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,221 shares of company stock valued at $140,814 over the last quarter. 42.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Ameresco
Ameresco Stock Up 1.0 %
Shares of NYSE AMRC opened at $36.08 on Friday. The stock has a 50-day moving average price of $30.61 and a two-hundred day moving average price of $27.84. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $42.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.15 and a beta of 1.78.
Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data 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). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. During the same period in the prior year, the company earned $0.15 EPS. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. As a group, analysts forecast that Ameresco, Inc. will post 1.16 earnings per share for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than Ameresco
- What is the NASDAQ Stock Exchange?
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- 3 Grocery Stocks That Are Proving They Are Still Essential
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding AMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameresco, Inc. (NYSE:AMRC – Free Report).
Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.