Insider Selling: Ameresco Inc (AMRC) Director Sells 3,000 Shares of Stock

Ameresco Inc (NYSE:AMRC) Director Francis V. Wisneski, Jr. sold 3,000 shares of Ameresco stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $15.43, for a total value of $46,290.00. Following the sale, the director now directly owns 105,676 shares of the company’s stock, valued at approximately $1,630,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AMRC stock traded down $0.31 during trading on Friday, hitting $14.93. 85,813 shares of the company traded hands, compared to its average volume of 132,284. The company has a current ratio of 1.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $700.39 million, a P/E ratio of 19.64, a P/E/G ratio of 1.14 and a beta of 0.39. Ameresco Inc has a 1 year low of $7.65 and a 1 year high of $16.59.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $208.40 million. Ameresco had a return on equity of 14.06% and a net margin of 6.43%. Ameresco’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share. On average, research analysts predict that Ameresco Inc will post 0.77 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on AMRC shares. Roth Capital downgraded Ameresco from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $14.00 in a report on Thursday, October 4th. ValuEngine cut Ameresco from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Oppenheimer set a $17.00 price target on Ameresco and gave the company a “buy” rating in a research report on Tuesday, October 30th. Canaccord Genuity lifted their price target on Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ameresco has a consensus rating of “Buy” and a consensus price target of $16.38.

A number of hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System raised its position in Ameresco by 5.1% during the second quarter. California Public Employees Retirement System now owns 76,152 shares of the utilities provider’s stock valued at $914,000 after acquiring an additional 3,688 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Ameresco in the second quarter valued at approximately $126,000. Citadel Advisors LLC purchased a new stake in shares of Ameresco in the second quarter valued at approximately $135,000. Engineers Gate Manager LP purchased a new stake in shares of Ameresco in the third quarter valued at approximately $162,000. Finally, Sei Investments Co. purchased a new stake in shares of Ameresco in the second quarter valued at approximately $206,000. Institutional investors own 28.15% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Ameresco Inc (AMRC) Director Sells 3,000 Shares of Stock” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2018/11/09/insider-selling-ameresco-inc-amrc-director-sells-3000-shares-of-stock.html.

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.

Featured Article: Compound Interest

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

Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply