Guinness Asset Management LTD Trims Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Guinness Asset Management LTD reduced its position in Ameresco, Inc. (NYSE:AMRC) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 387,816 shares of the utilities provider’s stock after selling 123,714 shares during the quarter. Guinness Asset Management LTD’s holdings in Ameresco were worth $9,103,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew 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 worth $30,000 after buying an additional 391 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Ameresco in the 2nd quarter valued at approximately $86,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 valued at $93,000 after purchasing an additional 2,279 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 last quarter. Finally, FMR LLC lifted its holdings in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 3,855 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMRC has been the topic of several recent research reports. Stifel Nicolaus boosted their price objective on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler boosted their price target on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ameresco has a consensus rating of “Moderate Buy” and a consensus price target of $36.90.

Ameresco Stock Down 6.7 %

Ameresco stock opened at $23.05 on Monday. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.79. The stock’s fifty day moving average is $25.68 and its two-hundred day moving average is $29.49. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

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.