Walleye Capital LLC Takes Position in Ameresco, Inc. $AMRC

Walleye Capital LLC acquired a new stake in shares of Ameresco, Inc. (NYSE:AMRC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,035 shares of the utilities provider’s stock, valued at approximately $121,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Ameresco during the first quarter valued at about $40,000. Lazard Asset Management LLC grew its stake in shares of Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 4,362 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 4,557 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Ameresco in the fourth quarter worth about $203,000. Finally, JCP Investment Management LLC bought a new stake in shares of Ameresco in the fourth quarter worth about $211,000. 99.24% of the stock is owned by institutional investors.

Ameresco Price Performance

AMRC stock opened at $25.84 on Friday. The firm has a 50 day moving average price of $20.18 and a 200-day moving average price of $15.50. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.30 and a beta of 2.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Baird R W upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $11.00 to $23.00 in a report on Monday, August 18th. Robert W. Baird upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $23.00 to $35.00 in a report on Tuesday. Finally, Stifel Nicolaus lowered their target price on shares of Ameresco from $18.00 to $17.00 and set a “buy” rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.00.

Ameresco Company 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.