Ameresco, Inc. (NYSE:AMRC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 70.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,506 shares of the utilities provider’s stock after buying an additional 17,600 shares during the quarter. SG Americas Securities LLC owned 0.08% of Ameresco worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMRC. Sei Investments Co. acquired a new position in Ameresco in the 2nd quarter valued at $406,000. Marshall Wace LLP lifted its position in Ameresco by 102.6% during the second quarter. Marshall Wace LLP now owns 60,210 shares of the utilities provider’s stock worth $1,735,000 after buying an additional 30,497 shares during the period. The Manufacturers Life Insurance Company boosted its stake 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 worth $356,000 after buying an additional 489 shares during the last quarter. Algert Global LLC grew its holdings in Ameresco by 113.3% in the 2nd quarter. Algert Global LLC now owns 119,183 shares of the utilities provider’s stock valued at $3,434,000 after buying an additional 63,313 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Ameresco during the 2nd quarter valued at about $10,821,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on AMRC shares. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Piper Sandler increased their price objective 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. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.90.

Ameresco Price Performance

Shares of NYSE AMRC opened at $21.44 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68. The firm’s 50-day moving average price is $25.13 and its 200-day moving average price is $29.22. The firm has a market capitalization of $1.12 billion, a P/E ratio of 21.44, a P/E/G ratio of 0.61 and a beta of 1.79.

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.