Inspire Investing LLC Buys 3,797 Shares of Ameresco, Inc. (NYSE:AMRC)

Inspire Investing LLC boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC) 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

A number of equities research analysts have recently issued reports on AMRC shares. B. Riley raised shares of Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. UBS Group boosted their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Piper Sandler dropped their price target on Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Jefferies Financial Group assumed coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target for the company. Finally, StockNews.com raised Ameresco to a “sell” rating in a research note on Saturday, August 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and an average price target of $37.69.

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) 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.