Public Employees Retirement Association of Colorado Sells 695 Shares of Ameresco, Inc. (NYSE:AMRC)

Public Employees Retirement Association of Colorado decreased its position in Ameresco, Inc. (NYSE:AMRC) by 12.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,854 shares of the utilities provider’s stock after selling 695 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Ameresco were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AMRC. nVerses Capital LLC bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $75,000. GAMMA Investing LLC lifted its stake in Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Ameresco during the second quarter valued at about $156,000. Northside Capital Management LLC bought a new position in shares of Ameresco during the second quarter valued at about $216,000. Finally, Invst LLC purchased a new position in shares of Ameresco in the first quarter worth about $225,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Trading Down 0.5 %

NYSE AMRC opened at $38.60 on Monday. The firm has a market capitalization of $2.02 billion, a PE ratio of 35.09, a P/E/G ratio of 1.31 and a beta of 1.78. The stock’s 50 day moving average is $31.18 and its 200 day moving average is $28.57. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $40.33. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The business had revenue of $437.98 million during the quarter, compared to analysts’ expectations of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Research analysts forecast that Ameresco, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of the business’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 sale, the chief financial officer now directly owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 5,221 shares of company stock valued at $140,814. Corporate insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMRC shares. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Saturday, August 17th. Jefferies Financial Group started coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price on the stock. UBS Group increased their price target 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. Robert W. Baird boosted their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Piper Sandler dropped their target price on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.46.

Ameresco 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.