Harbor Capital Advisors Inc. Has $2.79 Million Stake in Ameresco, Inc. (NYSE:AMRC)

Harbor Capital Advisors Inc. grew its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 731.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,705 shares of the utilities provider’s stock after buying an additional 202,970 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.44% of Ameresco worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AMRC. GAMMA Investing LLC raised its position in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 4,557 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Ameresco during the 4th quarter worth approximately $146,000. Lazard Asset Management LLC raised its holdings in Ameresco by 145.0% during 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 during the period. Schonfeld Strategic Advisors LLC bought a new position in Ameresco in the fourth quarter valued at approximately $203,000. Finally, JCP Investment Management LLC bought a new position in Ameresco in the fourth quarter valued at approximately $211,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMRC has been the subject of several research reports. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Piper Sandler set a $21.00 target price on Ameresco and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Canaccord Genuity Group boosted their price target on Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Robert W. Baird reiterated a “neutral” rating and set a $13.00 price objective (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Finally, UBS Group reissued a “sell” rating and issued a $11.00 target price on shares of Ameresco in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.67.

Ameresco Price Performance

Shares of NYSE AMRC opened at $15.81 on Thursday. 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 business has a 50-day moving average of $12.47 and a 200-day moving average of $17.49. The stock has a market capitalization of $830.78 million, a price-to-earnings ratio of 15.81, a PEG ratio of 0.49 and a beta of 2.24. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68.

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

About Ameresco

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.