Erste Asset Management GmbH Makes New Investment in Ameresco, Inc. (NYSE:AMRC)

Erste Asset Management GmbH purchased a new stake in shares of Ameresco, Inc. (NYSE:AMRC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 163,713 shares of the utilities provider’s stock, valued at approximately $6,319,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Ameresco by 1.2% during the first quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock worth $75,909,000 after purchasing an additional 36,303 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Ameresco by 51.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 9,931 shares of the utilities provider’s stock worth $239,000 after buying an additional 3,374 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Ameresco by 34.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,931 shares of the utilities provider’s stock valued at $650,000 after buying an additional 6,875 shares during the period. Tidal Investments LLC lifted its holdings in Ameresco by 51.4% in the first quarter. Tidal Investments LLC now owns 40,834 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 13,869 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Ameresco by 1,215.2% in 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. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Up 1.8 %

Shares of NYSE AMRC opened at $28.69 on Tuesday. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68. The stock has a market cap of $1.50 billion, a P/E ratio of 28.69, a PEG ratio of 0.98 and a beta of 1.82. 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 business’s fifty day simple moving average is $31.41 and its 200-day simple moving average is $31.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird lifted their target price on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. UBS Group boosted their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Stifel Nicolaus increased their target price 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. Jefferies Financial Group began coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ameresco has a consensus rating of “Moderate Buy” and an average price target of $36.91.

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.