Insider Selling: Ameresco Inc (NYSE:AMRC) CEO Sells 109,000 Shares of Stock

Ameresco Inc (NYSE:AMRC) CEO George P. Sakellaris sold 109,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $14.28, for a total value of $1,556,520.00. Following the completion of the sale, the chief executive officer now owns 3,492,361 shares of the company’s stock, valued at $49,870,915.08. The sale was disclosed in a filing with the SEC, which is available at this link.

NYSE:AMRC traded up $0.03 during trading hours on Monday, hitting $14.09. The stock had a trading volume of 276,768 shares, compared to its average volume of 90,562. The company has a market cap of $659.05 million, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.02 and a beta of 0.50. The business has a 50 day simple moving average of $14.29 and a two-hundred day simple moving average of $15.26. Ameresco Inc has a 1-year low of $11.73 and a 1-year high of $18.05. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.65.

Ameresco (NYSE:AMRC) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $198.20 million for the quarter, compared to analysts’ expectations of $196.95 million. Ameresco had a net margin of 4.62% and a return on equity of 8.29%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Research analysts expect that Ameresco Inc will post 0.8 EPS for the current fiscal year.

Several research analysts have commented on AMRC shares. Zacks Investment Research raised Ameresco from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research report on Monday, August 12th. ValuEngine downgraded Ameresco from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.30.

A number of institutional investors have recently added to or reduced their stakes in AMRC. Bank of Montreal Can increased its holdings in Ameresco by 335.9% during the 2nd quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,807 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Ameresco by 508.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 3,297 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Ameresco during the 2nd quarter valued at $145,000. Alps Advisors Inc. bought a new position in Ameresco during the 1st quarter valued at $213,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in Ameresco during the 2nd quarter worth $242,000. 30.89% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Company Profile

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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