Ameresco, Inc. (NYSE:AMRC) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Ameresco, Inc. (NYSE:AMRC) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,750 shares of the utilities provider’s stock after selling 1,328 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ameresco were worth $803,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Balyasny Asset Management LLC acquired a new position in Ameresco during the 2nd quarter valued at about $6,360,000. California State Teachers Retirement System boosted its stake in Ameresco by 14.5% during the 2nd quarter. California State Teachers Retirement System now owns 42,588 shares of the utilities provider’s stock valued at $2,671,000 after purchasing an additional 5,402 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ameresco by 16.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 176,384 shares of the utilities provider’s stock valued at $11,063,000 after purchasing an additional 24,294 shares during the period. Autonomy Capital Jersey L.P. acquired a new stake in shares of Ameresco in the 2nd quarter worth approximately $2,606,000. Finally, Quaero Capital S.A. lifted its stake in shares of Ameresco by 10.8% in the 3rd quarter. Quaero Capital S.A. now owns 84,279 shares of the utilities provider’s stock worth $4,924,000 after acquiring an additional 8,195 shares during the period. 50.94% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Thomas S. Murley sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $93.23, for a total transaction of $1,305,220.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert Georgeoff sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $93.89, for a total transaction of $751,120.00. The disclosure for this sale can be found here. Insiders have sold 161,238 shares of company stock worth $13,409,602 in the last 90 days. 55.86% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on AMRC. Craig Hallum upped their price target on shares of Ameresco from $80.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, November 2nd. Robert W. Baird upped their price target on shares of Ameresco from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 2nd. upped their price target on shares of Ameresco from $73.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, November 2nd. TheStreet raised shares of Ameresco from a “c+” rating to a “b” rating in a research note on Monday, November 1st. Finally, Zacks Investment Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $77.70.

NYSE AMRC opened at $57.13 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 1.42. The company’s 50 day simple moving average is $82.40 and its 200 day simple moving average is $72.21. Ameresco, Inc. has a 12 month low of $37.70 and a 12 month high of $101.86. The company has a market capitalization of $2.94 billion, a P/E ratio of 44.63, a PEG ratio of 1.91 and a beta of 0.57.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Sunday, October 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.07. Ameresco had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $273.68 million for the quarter, compared to analyst estimates of $306.02 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, analysts anticipate that Ameresco, Inc. will post 1.42 earnings per share for the current year.

Ameresco Profile

Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.

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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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