Stephens Investment Management Group LLC Cuts Stock Position in Ameresco, Inc. (NYSE:AMRC)

Stephens Investment Management Group LLC cut its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,068,864 shares of the utilities provider’s stock after selling 1,441 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Ameresco were worth $25,097,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,279 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 618 shares during the period. Cetera Trust Company N.A increased its holdings in Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 440 shares during the last quarter. Finally, FMR LLC raised its stake in Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 3,855 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMRC shares. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Piper Sandler raised their price objective on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.56.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the sale, the director now owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.00% of the stock is currently owned by insiders.

Ameresco Stock Performance

NYSE:AMRC opened at $20.73 on Monday. The stock has a market cap of $1.09 billion, a P/E ratio of 20.73, a PEG ratio of 0.55 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $24.18 and its two-hundred day moving average price is $28.60. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68.

Ameresco 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.