Ameresco, Inc. $AMRC Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH increased its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 41.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 154,019 shares of the utilities provider’s stock after acquiring an additional 44,949 shares during the period. Erste Asset Management GmbH’s holdings in Ameresco were worth $5,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AMRC. CoreCap Advisors LLC acquired a new stake in shares of Ameresco in the 3rd quarter worth about $50,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ameresco in the third quarter valued at approximately $76,000. Nkcfo LLC bought a new stake in shares of Ameresco during the third quarter valued at approximately $107,000. Tower Research Capital LLC TRC raised its holdings in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Ameresco during the third quarter worth approximately $201,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Price Performance

Shares of Ameresco stock opened at $30.39 on Friday. Ameresco, Inc. has a 52 week low of $8.49 and a 52 week high of $44.93. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57. The stock has a market cap of $1.60 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.05 and a beta of 2.53. The company’s 50-day moving average price is $31.45 and its two-hundred day moving average price is $32.08.

Analyst Ratings Changes

AMRC has been the topic of several analyst reports. UBS Group raised their target price on Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Roth Mkm reissued a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Jefferies Financial Group set a $45.00 price target on Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. Finally, Cantor Fitzgerald initiated coverage on shares of Ameresco in a report on Friday, January 23rd. They issued an “overweight” rating and a $41.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $37.80.

Insider Activity

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the sale, the director directly owned 14,111 shares in the company, valued at $481,890.65. The trade was a 52.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 16,645 shares of company stock valued at $568,297. Insiders own 44.96% of the company’s stock.

Ameresco Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.