David J. Corrsin Sells 60,000 Shares of Ameresco Inc (NYSE:AMRC) Stock

Ameresco Inc (NYSE:AMRC) EVP David J. Corrsin sold 60,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $16.00, for a total transaction of $960,000.00. Following the transaction, the executive vice president now owns 1,037,722 shares of the company’s stock, valued at approximately $16,603,552. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of AMRC traded up $0.22 during mid-day trading on Wednesday, hitting $16.29. 145,945 shares of the company were exchanged, compared to its average volume of 121,748. Ameresco Inc has a 1-year low of $11.73 and a 1-year high of $18.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.47 and a current ratio of 1.51. The company has a 50 day moving average of $14.55 and a 200-day moving average of $15.13. The stock has a market cap of $706.85 million, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.09 and a beta of 0.50.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Ameresco had a net margin of 4.62% and a return on equity of 8.29%. The firm had revenue of $198.20 million during the quarter, compared to the consensus estimate of $196.95 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts anticipate that Ameresco Inc will post 0.8 earnings per share for the current fiscal year.



Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its stake in Ameresco by 335.9% during the 2nd quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,807 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Ameresco by 508.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 3,297 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Ameresco in the 2nd quarter valued at approximately $145,000. Victory Capital Management Inc. purchased a new stake in shares of Ameresco in the 1st quarter valued at approximately $255,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Ameresco in the 2nd quarter valued at approximately $242,000. 30.89% of the stock is owned by institutional investors.

AMRC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Monday, August 12th. ValuEngine upgraded shares of Ameresco from a “hold” rating to a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Ameresco presently has an average rating of “Buy” and a consensus target price of $18.30.

Ameresco Company Profile

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.

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