Gagnon Advisors LLC Grows Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Gagnon Advisors LLC lifted its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,694 shares of the utilities provider's stock after buying an additional 66,746 shares during the quarter. Ameresco makes up about 4.1% of Gagnon Advisors LLC's portfolio, making the stock its 11th biggest position. Gagnon Advisors LLC owned 0.52% of Ameresco worth $6,403,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMRC. Wellington Management Group LLP raised its position in Ameresco by 81.3% during 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 purchasing an additional 450,571 shares in the last quarter. Geode Capital Management LLC increased its position in Ameresco by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider's stock valued at $28,642,000 after purchasing an additional 10,197 shares during the period. Gagnon Securities LLC lifted its position in shares of Ameresco by 22.5% in the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider's stock worth $13,412,000 after purchasing an additional 104,861 shares during the period. Redwood Grove Capital LLC lifted its holdings in Ameresco by 41.9% during the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider's stock worth $18,966,000 after buying an additional 147,642 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in Ameresco by 3,389.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider's stock valued at $7,124,000 after acquiring an additional 179,635 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AMRC. StockNews.com raised shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Piper Sandler boosted their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ameresco currently has a consensus rating of "Moderate Buy" and an average target price of $36.90.

Ameresco Price Performance

Shares of AMRC stock traded down $0.16 on Wednesday, reaching $20.33. 97,880 shares of the company were exchanged, compared to its average volume of 402,730. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 0.58 and a beta of 1.79. The business has a 50-day moving average price of $24.64 and a 200 day moving average price of $28.85.

Insider Buying and Selling at Ameresco

In other news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.