Victory Capital Management Inc. Purchases Shares of 22,940 Ameresco, Inc. (NYSE:AMRC)

Victory Capital Management Inc. purchased a new stake in Ameresco, Inc. (NYSE:AMRC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,940 shares of the utilities provider's stock, valued at approximately $870,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of 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 in the last quarter. nVerses Capital LLC acquired a new stake in Ameresco in the 2nd quarter valued at $75,000. Point72 DIFC Ltd purchased a new stake in Ameresco in the 2nd quarter worth $86,000. GAMMA Investing LLC raised its position in Ameresco by 1,215.2% during the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider's stock worth $90,000 after acquiring an additional 2,880 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Ameresco in the second quarter valued at about $156,000. Hedge funds and other institutional investors own 99.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler lifted their price objective on Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Robert W. Baird raised their price objective on Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Jefferies Financial Group assumed coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a "hold" rating and a $33.00 target price for the company. UBS Group raised their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Finally, StockNews.com upgraded Ameresco to a "sell" rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.91.

Ameresco Trading Up 8.9 %

AMRC traded up $2.34 during mid-day trading on Thursday, hitting $28.53. 318,140 shares of the stock were exchanged, compared to its average volume of 468,944. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.50 billion, a PE ratio of 28.53, a PEG ratio of 0.94 and a beta of 1.82. The firm's fifty day moving average is $31.90 and its two-hundred day moving average is $31.27. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68.

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.