Ameresco, Inc. (NYSE:AMRC) insider Joseph P. Demanche sold 9,471 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $8.80, for a total value of $83,344.80. Following the completion of the transaction, the insider now directly owns 154,688 shares of the company’s stock, valued at approximately $1,361,254.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Ameresco, Inc. (NYSE AMRC) remained flat at $$8.85 during midday trading on Monday. 57,400 shares of the company were exchanged, compared to its average volume of 73,382. Ameresco, Inc. has a 12-month low of $4.80 and a 12-month high of $8.95. The stock has a market cap of $402.70, a price-to-earnings ratio of 25.29, a PEG ratio of 3.55 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $204.74 million for the quarter, compared to analysts’ expectations of $186.20 million. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. Ameresco’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. equities research analysts expect that Ameresco, Inc. will post 0.41 EPS for the current fiscal year.

Several analysts have issued reports on the company. Oppenheimer restated a “buy” rating and set a $10.00 price objective (up previously from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Ameresco from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $8.88.

Several institutional investors have recently made changes to their positions in AMRC. Susquehanna International Group LLP acquired a new stake in shares of Ameresco during the 2nd quarter worth approximately $141,000. Parametric Portfolio Associates LLC raised its position in shares of Ameresco by 8.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,529 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Ameresco during the 2nd quarter worth approximately $148,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Ameresco during the 2nd quarter worth approximately $154,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ameresco during the 3rd quarter worth approximately $167,000. Institutional investors and hedge funds own 24.91% of the company’s stock.

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About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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