Amundi Cuts Position in Ameresco, Inc. (NYSE:AMRC)

Amundi reduced its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,039 shares of the utilities provider's stock after selling 32,410 shares during the period. Amundi owned 0.13% of Ameresco worth $1,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. increased its position in 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 buying an additional 2,279 shares during the last quarter. Cetera Trust Company N.A boosted its stake in 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 purchasing an additional 440 shares during the period. FMR LLC increased its position in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock worth $203,000 after acquiring an additional 3,855 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Ameresco in the 4th quarter worth about $259,000. Finally, Holocene Advisors LP bought a new position in shares of Ameresco during the third quarter worth approximately $275,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMRC. Robert W. Baird reduced their target price on Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Canaccord Genuity Group lowered their price objective on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Stifel Nicolaus reduced their target price on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group cut Ameresco from a "buy" rating to a "sell" rating and lowered their price target for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.63.

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Ameresco Trading Up 5.1 %

Shares of AMRC traded up $0.66 during trading hours on Friday, hitting $13.45. 1,217,783 shares of the stock were exchanged, compared to its average volume of 468,490. Ameresco, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $39.68. The business has a 50-day moving average of $18.10 and a 200-day moving average of $25.77. The firm has a market capitalization of $706.52 million, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. On average, research analysts expect that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Transactions at Ameresco

In other news, Director Francis V. Wisneski, Jr. bought 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, with a total value of $33,845.00. Following the completion of the transaction, the director now directly owns 17,738 shares of the company's stock, valued at $171,526.46. This trade represents a 24.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now directly owns 17,225 shares of the company's stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Insiders own 42.00% of the company's stock.

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.