Point72 Asset Management L.P. Sells 72,512 Shares of Ameresco, Inc. (NYSE:AMRC)

Point72 Asset Management L.P. cut its holdings in Ameresco, Inc. (NYSE:AMRC) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 303,097 shares of the utilities provider’s stock after selling 72,512 shares during the quarter. Point72 Asset Management L.P.’s holdings in Ameresco were worth $11,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Holocene Advisors LP bought a new position in Ameresco in the third quarter valued at approximately $275,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,279 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Ameresco during the third quarter worth $6,319,000. Verition Fund Management LLC boosted its position in shares of Ameresco by 50.4% during the third quarter. Verition Fund Management LLC now owns 11,285 shares of the utilities provider’s stock worth $428,000 after purchasing an additional 3,780 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Ameresco by 9.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,594 shares of the utilities provider’s stock worth $1,502,000 after purchasing an additional 3,258 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Stock Up 1.8 %

Shares of AMRC stock opened at $27.78 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The firm’s fifty day moving average price is $30.60 and its two-hundred day moving average price is $31.25. The firm has a market capitalization of $1.46 billion, a P/E ratio of 27.78, a PEG ratio of 0.96 and a beta of 1.76.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMRC. Jefferies Financial Group began coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target on the stock. Robert W. Baird lifted 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. Stifel Nicolaus lifted their price target 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. Piper Sandler boosted their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.91.

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.