Arosa Capital Management LP Lowers Holdings in Ameresco, Inc. (NYSE:AMRC)

Arosa Capital Management LP lessened its position in Ameresco, Inc. (NYSE:AMRC) by 29.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 157,886 shares of the utilities provider’s stock after selling 65,000 shares during the period. Ameresco comprises about 2.3% of Arosa Capital Management LP’s investment portfolio, making the stock its 12th biggest holding. Arosa Capital Management LP’s holdings in Ameresco were worth $5,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 391 shares during the period. nVerses Capital LLC purchased a new stake in shares of Ameresco in the 2nd quarter worth $75,000. Point72 DIFC Ltd purchased a new stake in shares of Ameresco in the 2nd quarter worth $86,000. GAMMA Investing LLC lifted its position in Ameresco by 1,215.2% during the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in 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 worth $93,000 after buying an additional 2,279 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price target on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. UBS Group boosted their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Stifel Nicolaus increased their price objective on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Piper Sandler lifted their target price on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group started coverage on Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Trading Down 1.3 %

Shares of NYSE AMRC opened at $28.17 on Monday. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68. 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 has a fifty day simple moving average of $31.60 and a two-hundred day simple moving average of $31.28. The firm has a market cap of $1.48 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 0.98 and a beta of 1.82.

About Ameresco

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.