Erste Asset Management GmbH Sells 12,788 Shares of Ameresco, Inc. (NYSE:AMRC)

Erste Asset Management GmbH cut its stake in Ameresco, Inc. (NYSE:AMRC) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,925 shares of the utilities provider’s stock after selling 12,788 shares during the period. Erste Asset Management GmbH owned 0.29% of Ameresco worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMRC. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares during the last quarter. Cetera Trust Company N.A raised its stake 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 worth $160,000 after buying an additional 440 shares during the last quarter. FMR LLC raised its stake in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Ameresco during the fourth quarter worth approximately $259,000. Finally, Holocene Advisors LP bought a new stake in shares of Ameresco during the third quarter worth approximately $275,000. 99.24% of the stock is owned by institutional investors.

Ameresco Stock Up 5.5 %

Shares of NYSE AMRC opened at $10.55 on Friday. The stock has a market cap of $554.41 million, a P/E ratio of 10.55, a P/E/G ratio of 0.49 and a beta of 2.07. The firm has a 50 day moving average price of $19.66 and a 200 day moving average price of $26.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco, Inc. has a 52-week low of $9.04 and a 52-week high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Analysts expect that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

AMRC has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price target on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and dropped their price target for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Robert W. Baird dropped their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Finally, Canaccord Genuity Group dropped their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Insider Activity

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the acquisition, the director now directly owns 17,738 shares of the company’s stock, valued at $171,526.46. This represents a 24.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George P. Sakellaris acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the transaction, the chief executive officer now owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 80,808 shares of company stock worth $785,274 over the last quarter. 42.00% of the stock is currently owned by company insiders.

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.