Handelsbanken Fonder AB Trims Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Handelsbanken Fonder AB lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,293,914 shares of the utilities provider's stock after selling 382,588 shares during the quarter. Handelsbanken Fonder AB owned about 2.47% of Ameresco worth $30,381,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMRC. Blue Trust Inc. lifted its position in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after acquiring an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 during the period. FMR LLC grew its position in Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock valued at $203,000 after buying an additional 3,855 shares during the last quarter. PFG Investments LLC acquired a new position in Ameresco in the 3rd quarter valued at $207,000. Finally, Cetera Trust Company N.A raised its position in Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMRC. Stifel Nicolaus lifted their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com raised Ameresco to a "sell" rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ameresco presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.56.

Insider Buying and Selling

In other news, Director Jennifer L. Miller sold 40,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 42.00% of the stock is currently owned by insiders.

Ameresco Price Performance

Shares of AMRC stock traded down $0.88 during midday trading on Friday, reaching $18.71. 243,226 shares of the company traded hands, compared to its average volume of 390,074. The firm's 50 day simple moving average is $22.67 and its two-hundred day simple moving average is $27.89. The firm has a market cap of $981.36 million, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.79. 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, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68.

Ameresco 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.