Investors Buy Large Volume of Ameresco Call Options (NYSE:AMRC)

Ameresco, Inc. (NYSE:AMRC) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 2,042 call options on the stock. This is an increase of 953% compared to the typical daily volume of 194 call options.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group set a $45.00 target price on Ameresco and gave the company a “buy” rating in a research note on Tuesday, November 4th. BNP Paribas Exane reiterated a “neutral” rating and issued a $40.00 target price on shares of Ameresco in a report on Tuesday, October 21st. Roth Capital reissued a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, BNP Paribas lowered shares of Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares during the period. First Trust Advisors LP increased its position in Ameresco by 1,832.5% in the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after buying an additional 1,683,326 shares during the last quarter. Royce & Associates LP lifted its position in shares of Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after buying an additional 640,106 shares during the last quarter. Granahan Investment Management LLC grew its stake in shares of Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after acquiring an additional 462,875 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Ameresco by 91.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after acquiring an additional 289,381 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Stock Performance

Shares of Ameresco stock traded down $1.29 during mid-day trading on Tuesday, hitting $31.85. 228,412 shares of the stock were exchanged, compared to its average volume of 535,012. The company has a 50-day simple moving average of $31.55 and a 200 day simple moving average of $29.37. The company has a market capitalization of $1.68 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.11 and a beta of 2.50. Ameresco has a 12 month low of $8.49 and a 12 month high of $44.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The firm had revenue of $525.99 million during the quarter, compared to the consensus estimate of $518.41 million. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.