Ameresco Inc (NYSE:AMRC) Director Jennifer L. Miller bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were bought at an average price of $15.50 per share, with a total value of $31,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of AMRC stock opened at $15.23 on Friday. The stock has a market cap of $687.34 million, a P/E ratio of 20.04, a P/E/G ratio of 1.11 and a beta of 0.44. Ameresco Inc has a 1-year low of $7.65 and a 1-year high of $16.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.42 and a quick ratio of 1.39.

Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Ameresco had a return on equity of 14.06% and a net margin of 6.43%. The company had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $208.40 million. During the same period in the prior year, the business posted $0.18 EPS. Ameresco’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Ameresco Inc will post 0.77 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gagnon Securities LLC lifted its holdings in Ameresco by 2.9% in the 3rd quarter. Gagnon Securities LLC now owns 1,012,685 shares of the utilities provider’s stock worth $13,823,000 after buying an additional 28,450 shares during the period. Citadel Advisors LLC lifted its holdings in Ameresco by 100.4% in the 3rd quarter. Citadel Advisors LLC now owns 22,514 shares of the utilities provider’s stock worth $307,000 after buying an additional 11,277 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ameresco by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,391,598 shares of the utilities provider’s stock worth $18,995,000 after buying an additional 101,884 shares during the period. BlackRock Inc. lifted its holdings in Ameresco by 3.9% in the 3rd quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock worth $13,773,000 after buying an additional 38,236 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Ameresco in the 3rd quarter worth approximately $162,000. Institutional investors and hedge funds own 27.85% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, November 1st. TheStreet upgraded Ameresco from a “c+” rating to a “b-” rating in a report on Wednesday, November 7th. ValuEngine cut Ameresco from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Canaccord Genuity increased their target price on Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Oppenheimer set a $17.00 target price on Ameresco and gave the company a “buy” rating in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.38.

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About Ameresco

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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