Point72 Asset Management L.P. Has $11.50 Million Position in Ameresco, Inc. (NYSE:AMRC)

Point72 Asset Management L.P. reduced its position in Ameresco, Inc. (NYSE:AMRC - Free Report) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,097 shares of the utilities provider's stock after selling 72,512 shares during the quarter. Point72 Asset Management L.P. owned 0.58% of Ameresco worth $11,499,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake 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 purchasing an additional 391 shares during the last quarter. nVerses Capital LLC purchased a new position in Ameresco in the 2nd quarter worth approximately $75,000. Point72 DIFC Ltd purchased a new stake in Ameresco in the 2nd quarter valued at $86,000. 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 purchasing an additional 2,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 618 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Performance

AMRC stock traded up $0.48 on Friday, reaching $27.78. 178,416 shares of the company were exchanged, compared to its average volume of 383,652. 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 12 month low of $17.55 and a 12 month high of $39.68. The stock's fifty day moving average price is $30.60 and its 200 day moving average price is $31.25. The firm has a market capitalization of $1.46 billion, a PE ratio of 27.78, a PEG ratio of 0.96 and a beta of 1.76.

Analyst Ratings Changes

AMRC has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on Ameresco in a research report on Wednesday, September 4th. They issued a "hold" rating and a $33.00 price target on the stock. UBS Group lifted 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. Piper Sandler increased their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Robert W. Baird increased their price target 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.91.

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.