Legato Capital Management LLC Has $869,000 Holdings in Ameresco, Inc. (NYSE:AMRC)

Legato Capital Management LLC raised its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 25.4% in the second quarter, HoldingsChannel.com reports. The firm owned 30,176 shares of the utilities provider’s stock after buying an additional 6,107 shares during the period. Legato Capital Management LLC’s holdings in Ameresco were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bridge City Capital LLC lifted its holdings in Ameresco by 0.8% during the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 622 shares during the period. Victory Capital Management Inc. increased its holdings in Ameresco by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock worth $295,000 after buying an additional 752 shares during the last quarter. Otter Creek Advisors LLC increased its holdings in Ameresco by 1.2% during the fourth quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock worth $2,181,000 after buying an additional 818 shares during the last quarter. Clean Yield Group boosted its stake in Ameresco by 0.6% in the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after acquiring an additional 1,087 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 1,410 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Insider Buying and Selling at Ameresco

In other news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 348 shares in the company, valued at $12,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the transaction, the chief accounting officer now owns 348 shares in the company, valued at $12,180. The disclosure for this sale can be found here. Insiders own 42.00% of the company’s stock.

Ameresco Trading Down 1.2 %

NYSE AMRC traded down $0.35 on Tuesday, hitting $29.74. The company’s stock had a trading volume of 84,470 shares, compared to its average volume of 513,144. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. Ameresco, Inc. has a 52-week low of $17.55 and a 52-week high of $47.56. The firm has a market cap of $1.56 billion, a P/E ratio of 27.37, a PEG ratio of 0.86 and a beta of 1.78. The company’s 50-day simple moving average is $29.69 and its 200 day simple moving average is $26.53.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The company had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Ameresco’s quarterly revenue was up 33.9% compared to the same quarter last year. Research analysts predict that Ameresco, Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMRC. Robert W. Baird restated an “outperform” rating and issued a $32.00 target price on shares of Ameresco in a research note on Tuesday. Stifel Nicolaus reduced their price objective on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Saturday, August 17th. B. Riley raised Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, UBS Group lifted their price target on Ameresco from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.