Ameresco Inc (AMRC) Insider Louis P. Maltezos Sells 5,000 Shares

Ameresco Inc (NYSE:AMRC) insider Louis P. Maltezos sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $13.81, for a total transaction of $69,050.00. Following the sale, the insider now directly owns 35,000 shares of the company’s stock, valued at approximately $483,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of AMRC stock opened at $12.76 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.57. The stock has a market cap of $624.45 million, a PE ratio of 16.79, a PEG ratio of 1.10 and a beta of 0.79. Ameresco Inc has a twelve month low of $7.55 and a twelve month high of $15.35.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. The firm had revenue of $196.98 million for the quarter, compared to analysts’ expectations of $182.50 million. Ameresco had a net margin of 6.15% and a return on equity of 13.83%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts forecast that Ameresco Inc will post 0.71 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Thursday. Roth Capital cut shares of Ameresco from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $14.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.88.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Ameresco by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,714 shares of the utilities provider’s stock valued at $15,476,000 after acquiring an additional 146,253 shares during the last quarter. Gagnon Securities LLC boosted its position in shares of Ameresco by 5.6% during the 2nd quarter. Gagnon Securities LLC now owns 984,235 shares of the utilities provider’s stock valued at $11,811,000 after acquiring an additional 52,524 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ameresco by 13.3% during the 2nd quarter. BlackRock Inc. now owns 970,738 shares of the utilities provider’s stock valued at $11,649,000 after acquiring an additional 114,297 shares during the last quarter. Gagnon Advisors LLC boosted its position in shares of Ameresco by 4.7% during the 2nd quarter. Gagnon Advisors LLC now owns 632,952 shares of the utilities provider’s stock valued at $7,595,000 after acquiring an additional 28,628 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Ameresco by 4.5% during the 2nd quarter. Royce & Associates LP now owns 596,149 shares of the utilities provider’s stock valued at $7,154,000 after acquiring an additional 25,500 shares during the last quarter. 27.46% of the stock is currently owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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