SG Americas Securities LLC Buys 17,600 Shares of Ameresco, Inc. (NYSE:AMRC)

SG Americas Securities LLC raised its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 70.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,506 shares of the utilities provider's stock after acquiring an additional 17,600 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Ameresco worth $998,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of 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. Cetera Trust Company N.A increased its position in shares of Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider's stock valued at $356,000 after buying an additional 489 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock valued at $142,000 after buying an additional 618 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock valued at $93,000 after buying an additional 2,279 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Performance

Shares of AMRC stock traded up $0.10 on Friday, reaching $22.60. The stock had a trading volume of 244,068 shares, compared to its average volume of 394,659. 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's 50-day moving average is $24.88 and its two-hundred day moving average is $29.03. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 0.56 and a beta of 1.79. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68.

Analyst Ratings Changes

AMRC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Stifel Nicolaus upped their target price 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. Finally, Piper Sandler upped their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.