Connors Investor Services Inc. Has $3.21 Million Position in Ameresco, Inc. $AMRC

Connors Investor Services Inc. lowered its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 5.2% during the second quarter, HoldingsChannel reports. The firm owned 211,429 shares of the utilities provider’s stock after selling 11,556 shares during the quarter. Connors Investor Services Inc.’s holdings in Ameresco were worth $3,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in shares of Ameresco during the first quarter worth about $40,000. GAMMA Investing LLC lifted its stake in Ameresco by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 4,557 shares in the last quarter. AlphaQuest LLC bought a new stake in Ameresco in the 1st quarter valued at approximately $114,000. Advisors Asset Management Inc. boosted its position in Ameresco by 57.4% during the 1st quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 3,554 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Ameresco during the 1st quarter worth approximately $121,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Jefferies Financial Group raised shares of Ameresco from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $39.00 in a research report on Thursday, September 25th. BNP Paribas Exane restated a “neutral” rating and set a $40.00 price objective on shares of Ameresco in a research note on Tuesday. Baird R W upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, B. Riley raised their price target on Ameresco from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.67.

Ameresco Price Performance

NYSE:AMRC opened at $38.21 on Thursday. The company has a market cap of $2.01 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.86 and a beta of 2.33. The firm’s fifty day moving average price is $31.08 and its two-hundred day moving average price is $20.43. Ameresco, Inc. has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company had revenue of $472.28 million during the quarter, compared to analysts’ expectations of $415.30 million. During the same quarter last year, the company posted $0.10 EPS. Ameresco’s quarterly revenue was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

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.