Cibc World Market Inc. Trims Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Cibc World Market Inc. decreased its position in Ameresco, Inc. (NYSE:AMRCGet Rating) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,236 shares of the utilities provider’s stock after selling 2,042 shares during the period. Cibc World Market Inc.’s holdings in Ameresco were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rock Point Advisors LLC purchased a new position in Ameresco in the 2nd quarter worth $1,851,000. Cerity Partners LLC purchased a new position in shares of Ameresco during the 2nd quarter valued at about $481,000. Swiss National Bank raised its stake in shares of Ameresco by 18.3% during the 2nd quarter. Swiss National Bank now owns 75,100 shares of the utilities provider’s stock valued at $3,422,000 after buying an additional 11,600 shares during the last quarter. Otter Creek Advisors LLC raised its stake in shares of Ameresco by 146.2% during the 2nd quarter. Otter Creek Advisors LLC now owns 111,664 shares of the utilities provider’s stock valued at $5,087,000 after buying an additional 66,305 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Ameresco by 112.3% during the 2nd quarter. Baird Financial Group Inc. now owns 219,839 shares of the utilities provider’s stock valued at $10,016,000 after buying an additional 116,281 shares during the last quarter. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Ameresco Trading Up 0.3 %

AMRC stock opened at $63.63 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 0.63. Ameresco, Inc. has a 12-month low of $40.73 and a 12-month high of $93.75. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.28 and a beta of 1.04. The business’s 50-day moving average is $62.78 and its 200 day moving average is $58.68.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMRC. Craig Hallum reduced their price objective on Ameresco from $95.00 to $82.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. B. Riley reduced their price objective on Ameresco from $73.00 to $72.00 in a research note on Wednesday, November 2nd. StockNews.com assumed coverage on Ameresco in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Stifel Nicolaus cut their price target on Ameresco from $91.00 to $82.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity Group lifted their price target on Ameresco from $79.00 to $81.00 in a research note on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Ameresco currently has an average rating of “Moderate Buy” and an average target price of $69.77.

Ameresco Profile

(Get Rating)

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

Featured Articles

Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.