Gagnon Securities LLC Buys 104,861 Shares of Ameresco, Inc. (NYSE:AMRC)

Gagnon Securities LLC boosted its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 571,202 shares of the utilities provider's stock after buying an additional 104,861 shares during the quarter. Ameresco accounts for about 2.7% of Gagnon Securities LLC's investment portfolio, making the stock its 12th largest position. Gagnon Securities LLC owned approximately 1.09% of Ameresco worth $13,412,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after buying an additional 391 shares during the last quarter. Cetera Trust Company N.A lifted its position in shares of 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 purchasing an additional 440 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in 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 during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock worth $142,000 after buying an additional 618 shares during the last quarter. Finally, 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 acquiring an additional 2,279 shares during the period. Institutional investors own 99.24% of the company's stock.

Insider Transactions at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the company'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 transaction, the director now directly owns 17,225 shares of the company's stock, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 42.00% of the stock is currently owned by insiders.

Ameresco Trading Down 0.3 %

Shares of AMRC traded down $0.07 during trading hours on Wednesday, reaching $20.41. The stock had a trading volume of 96,446 shares, compared to its average volume of 402,730. The company has a market cap of $1.07 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.58 and a beta of 1.79. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $39.68. 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 has a 50-day moving average of $24.64 and a 200 day moving average of $28.85.

Wall Street Analyst Weigh In

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

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.