Wellington Management Group LLP Purchases 450,571 Shares of Ameresco, Inc. (NYSE:AMRC)

Wellington Management Group LLP lifted its holdings in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 81.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,004,902 shares of the utilities provider's stock after acquiring an additional 450,571 shares during the quarter. Wellington Management Group LLP owned 1.92% of Ameresco worth $38,126,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after buying an additional 391 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Ameresco by 1,294.9% in 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 period. nVerses Capital LLC acquired a new stake in Ameresco in the second quarter worth approximately $75,000. Point72 DIFC Ltd acquired a new stake in Ameresco in the second quarter worth approximately $86,000. Finally, GAMMA Investing LLC lifted its position in shares of Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider's stock valued at $142,000 after acquiring an additional 618 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

NYSE AMRC traded down $0.33 during trading on Friday, reaching $24.83. The company's stock had a trading volume of 78,842 shares, compared to its average volume of 460,111. 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 firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.90 and a beta of 1.76. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68. The firm has a 50 day moving average price of $29.77 and a 200 day moving average price of $31.08.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMRC. Jefferies Financial Group started coverage on Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 price objective for the company. Piper Sandler boosted their target price 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. StockNews.com raised shares of Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Robert W. Baird upped their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. One 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. Based on data from MarketBeat.com, Ameresco presently has an average rating of "Moderate Buy" and a consensus price target of $36.91.

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.