Stephens Investment Management Group LLC Has $25.10 Million Holdings in Ameresco, Inc. (NYSE:AMRC)

Stephens Investment Management Group LLC decreased its holdings in Ameresco, Inc. (NYSE:AMRC) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,068,864 shares of the utilities provider’s stock after selling 1,441 shares during the quarter. Stephens Investment Management Group LLC owned 2.04% of Ameresco worth $25,097,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Ameresco by 3,389.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider’s stock worth $7,124,000 after buying an additional 179,635 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Ameresco in the third quarter valued at about $6,319,000. Redwood Grove Capital LLC grew its position in Ameresco by 41.9% in the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock valued at $18,966,000 after acquiring an additional 147,642 shares during the last quarter. Finally, Gagnon Securities LLC raised its stake in Ameresco by 22.5% during the fourth quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock worth $13,412,000 after acquiring an additional 104,861 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Insider Transactions at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

AMRC has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler upped their price target on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.56.

Ameresco Stock Down 1.8 %

Ameresco stock opened at $20.73 on Monday. The company has a market capitalization of $1.09 billion, a PE ratio of 20.73, a PEG ratio of 0.55 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’s fifty day moving average is $24.18 and its 200 day moving average is $28.60. The company has a quick ratio of 1.26, a current ratio of 1.27 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.