NorthCrest Asset Manangement LLC Has $328,000 Stake in Ameresco, Inc. (NYSE:AMRC)

NorthCrest Asset Manangement LLC decreased its stake in Ameresco, Inc. (NYSE:AMRC) by 24.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,950 shares of the utilities provider’s stock after selling 4,600 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Ameresco were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMRC. KLP Kapitalforvaltning AS purchased a new stake in Ameresco in the 4th quarter worth approximately $146,000. Lazard Asset Management LLC lifted its position in Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock worth $172,000 after buying an additional 4,362 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Ameresco in the 4th quarter worth approximately $203,000. JCP Investment Management LLC purchased a new stake in Ameresco in the 4th quarter worth approximately $211,000. Finally, ProShare Advisors LLC lifted its position in Ameresco by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 9,074 shares of the utilities provider’s stock worth $213,000 after buying an additional 2,986 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

Shares of AMRC opened at $13.79 on Friday. The company has a market capitalization of $724.54 million, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.49 and a beta of 2.20. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The company’s fifty day moving average price is $11.94 and its 200 day moving average price is $18.11.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. As a group, analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Analysts Set New Price Targets

AMRC has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Robert W. Baird restated a “neutral” rating and set a $13.00 price target (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Baird R W downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and cut their price target for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Finally, Stifel Nicolaus cut their price target on shares of Ameresco from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ameresco has a consensus rating of “Hold” and an average target price of $20.17.

Insider Buying and Selling

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the transaction, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This trade represents a 24.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO George P. Sakellaris purchased 25,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $9.27 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief executive officer now directly owns 978,638 shares in the company, valued at approximately $9,071,974.26. The trade was a 2.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 80,808 shares of company stock worth $785,274 in the last quarter. 42.00% of the stock is currently owned by company insiders.

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.