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

Harbor Capital Advisors Inc. increased its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 731.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 230,705 shares of the utilities provider’s stock after purchasing an additional 202,970 shares during the period. Harbor Capital Advisors Inc.’s holdings in Ameresco were worth $2,787,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMRC. First Eagle Investment Management LLC raised its position in shares of Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after purchasing an additional 196,776 shares during the period. Vanguard Group Inc. grew its stake in Ameresco by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock valued at $74,767,000 after buying an additional 37,359 shares during the last quarter. Barclays PLC raised its holdings in Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after acquiring an additional 39,773 shares during the period. Victory Capital Management Inc. raised its holdings in Ameresco by 96.8% in the 4th quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider’s stock valued at $1,060,000 after acquiring an additional 22,197 shares during the period. Finally, Invesco Ltd. lifted its position in Ameresco by 29.8% during the fourth quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider’s stock worth $7,560,000 after acquiring an additional 73,928 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Up 1.2%

Shares of NYSE AMRC opened at $15.81 on Thursday. The stock has a market capitalization of $830.78 million, a P/E ratio of 15.81, a PEG ratio of 0.49 and a beta of 2.24. The stock’s fifty day moving average is $12.47 and its 200 day moving average is $17.49. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $39.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business had revenue of $352.83 million during the quarter, compared to the consensus estimate of $323.71 million. During the same period in the prior year, the company earned ($0.10) EPS. Ameresco’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMRC has been the topic of several research reports. UBS Group reaffirmed a “sell” rating and issued a $11.00 target price on shares of Ameresco in a research report on Tuesday, June 3rd. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Stifel Nicolaus lowered their price objective on Ameresco from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Baird R W cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird restated a “neutral” rating and issued a $13.00 price target (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.67.

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.