Barclays PLC Raises Stake in Ameresco, Inc. (NYSE:AMRC)

Barclays PLC grew its position in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 204.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,248 shares of the utilities provider's stock after purchasing an additional 39,773 shares during the period. Barclays PLC owned approximately 0.11% of Ameresco worth $2,248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMRC. Wellington Management Group LLP raised its holdings in shares of Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock valued at $38,126,000 after buying an additional 450,571 shares during the period. LGT Group Foundation acquired a new stake in shares of Ameresco during the second quarter worth about $20,325,000. Redwood Grove Capital LLC boosted its stake in shares of Ameresco by 41.9% in the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider's stock valued at $18,966,000 after purchasing an additional 147,642 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Ameresco in the second quarter valued at approximately $10,821,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Ameresco by 3,389.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider's stock valued at $7,124,000 after purchasing an additional 179,635 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Stock Down 0.3 %

Shares of NYSE:AMRC traded down $0.06 during trading on Thursday, hitting $23.47. 213,080 shares of the company were exchanged, compared to its average volume of 455,859. The firm's 50 day moving average price is $27.65 and its 200-day moving average price is $30.26. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $1.23 billion, a P/E ratio of 23.47, a PEG ratio of 0.90 and a beta of 1.76.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a "hold" rating and a $33.00 price target for the company. Piper Sandler boosted their target price on Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. UBS Group upped their price target on Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. StockNews.com upgraded Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on shares of 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, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.90.

Ameresco Company 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.