Gagnon Securities Has Decreased Its Ameresco (AMRC) Position; Federated Premier Intermediate Municipal Income Fund (FPT)’s Sentiment Is 1.25

June 20, 2017 - By Kurt Siggers

Gagnon Securities Llc decreased Ameresco Inc (AMRC) stake by 17.08% reported in 2016Q4 SEC filing. Gagnon Securities Llc sold 233,124 shares as Ameresco Inc (AMRC)’s stock rose 21.82%. The Gagnon Securities Llc holds 1.13 million shares with $6.23M value, down from 1.37 million last quarter. Ameresco Inc now has $310.01M valuation. The stock declined 1.09% or $0.07 reaching $6.78 per share. About 36,212 shares traded. Ameresco Inc (NYSE:AMRC) has risen 48.89% since June 20, 2016 and is uptrending. It has outperformed by 32.19% the S&P500.

Federated Premier Intermediate Municipal Income Fund is a diversified, closed-end management investment company. The company has market cap of $95.38 million. The Fund’s investment objective is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). It currently has negative earnings. The Fund invests in various sectors, such as pre-refunded, dedicated tax, hospital, education, toll road, senior care, water and sewer, public power, airport, industrial development bond/pollution control revenue and public power.

Analysts await Ameresco Inc (NYSE:AMRC) to report earnings on August, 8. They expect $0.06 earnings per share, down 25.00% or $0.02 from last year’s $0.08 per share. AMRC’s profit will be $2.74 million for 28.25 P/E if the $0.06 EPS becomes a reality. After $-0.04 actual earnings per share reported by Ameresco Inc for the previous quarter, Wall Street now forecasts -250.00% EPS growth.

Among 3 analysts covering Ameresco (NYSE:AMRC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Ameresco had 4 analyst reports since October 14, 2015 according to SRatingsIntel. The stock of Ameresco Inc (NYSE:AMRC) has “Neutral” rating given on Friday, December 30 by Roth Capital. The rating was initiated by Oppenheimer with “Outperform” on Wednesday, October 14. TH Capital initiated the shares of AMRC in report on Friday, December 30 with “Neutral” rating. Roth Capital upgraded it to “Buy” rating and $8 target in Friday, May 5 report.

About 6,161 shares traded. Federated Premier Intermediate Municipal (FPT) has declined 4.81% since June 20, 2016 and is downtrending. It has underperformed by 21.51% the S&P500.

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