Ameresco, Inc. (NYSE:AMRC) Shares Bought by Algert Global LLC

Algert Global LLC raised its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 34.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,903 shares of the utilities provider's stock after buying an additional 40,720 shares during the period. Algert Global LLC owned approximately 0.31% of Ameresco worth $6,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after buying an additional 391 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Ameresco during the second quarter valued at $75,000. Point72 DIFC Ltd purchased a new stake in Ameresco during the 2nd quarter worth about $86,000. GAMMA Investing LLC raised its stake in Ameresco by 1,215.2% in the 2nd 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 during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Ameresco in the 2nd quarter valued at about $156,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Trading Up 0.9 %

Shares of AMRC stock traded up $0.24 during mid-day trading on Friday, reaching $26.37. The company's stock had a trading volume of 286,145 shares, compared to its average volume of 422,436. 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 firm has a market capitalization of $1.38 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.82. The company's 50 day simple moving average is $32.40 and its 200-day simple moving average is $31.30. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMRC shares. Stifel Nicolaus boosted their price objective on shares of Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, November 11th. UBS Group increased their price target on Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. StockNews.com raised Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Jefferies Financial Group began coverage on Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price on the stock. Finally, Robert W. Baird raised their price target on Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.91.

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.