Ameresco, Inc. (NYSE:AMRC) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Ameresco, Inc. (NYSE:AMRC) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,293,914 shares of the utilities provider’s stock after selling 382,588 shares during the period. Handelsbanken Fonder AB owned 2.47% of Ameresco worth $30,381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares in the last quarter. FMR LLC increased its holdings in shares of Ameresco by 257.9% in the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 3,855 shares during the last quarter. PFG Investments LLC purchased a new position in Ameresco during the third quarter worth approximately $207,000. Finally, Cetera Trust Company N.A boosted its stake in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after buying an additional 440 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and a consensus price target of $36.56.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the transaction, the director now directly 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 filing with the SEC, which is available at the SEC website. Insiders own 42.00% of the company’s stock.

Ameresco Trading Up 2.8 %

NYSE AMRC opened at $19.58 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $1.03 billion, a P/E ratio of 19.58, a PEG ratio of 0.50 and a beta of 1.79. The firm’s 50-day moving average is $22.80 and its two-hundred day moving average is $27.94. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68.

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.