Stifel Financial Corp Acquires 30,718 Shares of Ameresco, Inc. (NYSE:AMRC)

Stifel Financial Corp increased its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 35.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,277 shares of the utilities provider's stock after purchasing an additional 30,718 shares during the period. Stifel Financial Corp owned approximately 0.23% of Ameresco worth $4,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. raised 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 acquiring an additional 391 shares during the period. The Manufacturers Life Insurance Company lifted its position in Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider's stock valued at $356,000 after purchasing an additional 489 shares during the last quarter. GAMMA Investing LLC lifted its position in Ameresco by 19.8% in the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock valued at $142,000 after purchasing an additional 618 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted 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 valued at $93,000 after purchasing an additional 2,279 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Ameresco in the second quarter worth $75,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Performance

AMRC stock traded down $0.69 during midday trading on Monday, reaching $24.31. 295,511 shares of the company's stock traded hands, compared to its average volume of 460,078. Ameresco, Inc. has a 52-week low of $17.55 and a 52-week high of $39.68. The stock has a market cap of $1.27 billion, a P/E ratio of 24.31, a PEG ratio of 0.90 and a beta of 1.76. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock's 50-day moving average is $29.37 and its 200 day moving average is $30.89.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMRC. UBS Group boosted their price target 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. Stifel Nicolaus boosted their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Jefferies Financial Group started coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a "hold" rating and a $33.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com raised shares of Ameresco to a "sell" rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ameresco has an average rating of "Moderate Buy" and an average price target of $36.90.

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.