Ameresco Inc (AMRC) Director Buys $31,000.00 in Stock

Ameresco Inc (NYSE:AMRC) Director Jennifer L. Miller purchased 2,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $31,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of AMRC stock traded down $0.46 during midday trading on Tuesday, hitting $14.95. The company had a trading volume of 135,848 shares, compared to its average volume of 131,120. Ameresco Inc has a 52-week low of $7.65 and a 52-week high of $16.59. The company has a market capitalization of $722.74 million, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62.

Ameresco (NYSE:AMRC) last announced 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 for the quarter, compared to the consensus estimate of $208.40 million. During the same period last year, the business posted $0.18 EPS. The company’s revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that Ameresco Inc will post 0.77 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in AMRC. Paloma Partners Management Co purchased a new position in shares of Ameresco in the 2nd quarter valued at approximately $126,000. Citadel Advisors LLC purchased a new position in shares of Ameresco in the 2nd quarter valued at approximately $135,000. Engineers Gate Manager LP purchased a new position in shares of Ameresco in the 3rd quarter valued at approximately $162,000. Sei Investments Co. purchased a new stake in shares of Ameresco in the second quarter valued at approximately $206,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ameresco in the second quarter valued at approximately $216,000. Institutional investors own 27.85% of the company’s stock.

Several research analysts have 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 on the stock in a research note on Thursday, November 1st. TheStreet upgraded Ameresco from a “c+” rating to a “b-” rating in a research note on Wednesday, November 7th. ValuEngine downgraded Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Canaccord Genuity lifted their target price on Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Oppenheimer set a $17.00 target price on Ameresco and gave the company a “buy” rating in a research note on Tuesday, October 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target 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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