Versor Investments LP Acquires Shares of 19,800 Ameresco, Inc. $AMRC

Versor Investments LP bought a new position in Ameresco, Inc. (NYSE:AMRC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,800 shares of the utilities provider’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also modified their holdings of AMRC. Headlands Technologies LLC acquired a new position in shares of Ameresco in the first quarter worth $40,000. AlphaQuest LLC purchased a new position in Ameresco in the first quarter valued at about $114,000. Advisors Asset Management Inc. increased its position in Ameresco by 57.4% in the 1st quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 3,554 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Ameresco during the 1st quarter worth about $121,000. Finally, Harvest Portfolios Group Inc. raised its stake in shares of Ameresco by 12.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 1,390 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMRC shares. Robert W. Baird raised Ameresco from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. B. Riley boosted their target price on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Baird R W upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Finally, BNP Paribas cut shares of Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Ameresco Price Performance

NYSE AMRC opened at $36.50 on Friday. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $44.93. The company has a fifty day simple moving average of $34.60 and a 200 day simple moving average of $22.74. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The company has a market cap of $1.92 billion, a P/E ratio of 31.20, a P/E/G ratio of 1.93 and a beta of 2.41.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The firm had revenue of $525.99 million for the quarter, compared to the consensus estimate of $518.41 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, sell-side analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

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.