Gagnon Securities LLC trimmed its position in Ameresco, Inc. (NYSE:AMRC) by 2.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,083,290 shares of the utilities provider’s stock after selling 23,585 shares during the period. Ameresco accounts for approximately 3.1% of Gagnon Securities LLC’s investment portfolio, making the stock its 15th biggest position. Gagnon Securities LLC owned 2.38% of Ameresco worth $8,450,000 at the end of the most recent reporting period.

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

Shares of Ameresco, Inc. (NYSE:AMRC) opened at $8.85 on Friday. The firm has a market capitalization of $402.70, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 1.13. Ameresco, Inc. has a 1-year low of $4.80 and a 1-year high of $8.95. 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 posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $204.74 million during the quarter, compared to the consensus estimate of $186.20 million. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. Ameresco’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. equities analysts anticipate that Ameresco, Inc. will post 0.41 EPS for the current fiscal year.

In related news, insider Joseph P. Demanche sold 30,329 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $8.40, for a total value of $254,763.60. Following the completion of the sale, the insider now directly owns 159,671 shares in the company, valued at $1,341,236.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph P. Demanche sold 7,007 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $8.00, for a total value of $56,056.00. Following the completion of the sale, the insider now owns 196,625 shares of the company’s stock, valued at $1,573,000. The disclosure for this sale can be found here. Insiders sold 44,749 shares of company stock valued at $369,440 over the last 90 days. 58.36% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on AMRC. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Thursday, November 2nd. Oppenheimer reiterated a “buy” rating and issued a $10.00 price target (up from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. Finally, BidaskClub cut Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $8.88.

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Ameresco Company Profile

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.

Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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