Gagnon Advisors LLC Increases Stock Position in Ameresco, Inc. (NYSE:AMRC)

Gagnon Advisors LLC boosted its position in shares of Ameresco, Inc. (NYSE:AMRC) by 32.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 272,694 shares of the utilities provider’s stock after acquiring an additional 66,746 shares during the quarter. Ameresco accounts for 4.1% of Gagnon Advisors LLC’s portfolio, making the stock its 11th biggest holding. Gagnon Advisors LLC’s holdings in Ameresco were worth $6,403,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares during the period. GAMMA Investing LLC lifted its holdings in Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 618 shares in the last quarter. Cetera Trust Company N.A raised its position in shares of Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 440 shares during the period. Finally, FMR LLC increased its stake in Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AMRC shares. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. 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 report on Tuesday, October 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.90.

Ameresco Price Performance

Ameresco stock opened at $22.60 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. 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 $24.88 and a 200-day moving average price of $29.06. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

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.