Rheos Capital Works Inc. Has $10.95 Million Stock Position in Ameresco, Inc. (NYSE:AMRC)

Rheos Capital Works Inc. lessened its holdings in Ameresco, Inc. (NYSE:AMRC) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,700 shares of the utilities provider’s stock after selling 62,000 shares during the period. Rheos Capital Works Inc. owned about 0.55% of Ameresco worth $10,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 618 shares in the last quarter. SG Americas Securities LLC grew its position in Ameresco by 358.8% in the 3rd quarter. SG Americas Securities LLC now owns 24,906 shares of the utilities provider’s stock worth $945,000 after purchasing an additional 19,478 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Ameresco in the 2nd quarter worth about $86,000. Maven Securities LTD bought a new stake in Ameresco in the 2nd quarter worth about $360,000. Finally, Point72 Asset Management L.P. bought a new stake in Ameresco in the 2nd quarter worth about $10,821,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Performance

NYSE AMRC opened at $34.81 on Thursday. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $1.82 billion, a PE ratio of 31.65, a P/E/G ratio of 1.21 and a beta of 1.79. The company’s 50 day simple moving average is $32.42 and its two-hundred day simple moving average is $29.78.

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

Insider Activity

In other news, CFO Spencer Doran Hole sold 5,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the sale, the chief financial officer now owns 1,878 shares in the company, valued at approximately $49,823.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 5,221 shares of company stock worth $140,814. 42.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMRC shares. B. Riley raised shares of Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Piper Sandler reduced their target price on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Wednesday. Robert W. Baird increased their target price 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, Jefferies Financial Group initiated coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.08.

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.