DNB Asset Management AS Has $34.74 Million Holdings in Ameresco, Inc. $AMRC

DNB Asset Management AS lessened its position in Ameresco, Inc. (NYSE:AMRC) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,034,594 shares of the utilities provider’s stock after selling 155,120 shares during the quarter. DNB Asset Management AS owned about 1.97% of Ameresco worth $34,742,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in shares of Ameresco in the third quarter worth about $50,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Ameresco in the 3rd quarter valued at approximately $76,000. Nkcfo LLC bought a new position in Ameresco in the 3rd quarter worth approximately $107,000. Tower Research Capital LLC TRC lifted 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 worth $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.

Insider Buying and Selling

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the transaction, the director owned 14,111 shares in the company, valued at approximately $481,890.65. The trade was a 52.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 16,645 shares of company stock worth $568,297. 44.96% of the stock is owned by corporate insiders.

Ameresco Trading Down 4.6%

Shares of Ameresco stock opened at $30.39 on Friday. Ameresco, Inc. has a 12-month low of $8.49 and a 12-month high of $44.93. The stock has a market capitalization of $1.60 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.10 and a beta of 2.53. The company has a 50-day simple moving average of $31.45 and a 200 day simple moving average of $31.99. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57.

Analyst Ratings Changes

AMRC has been the topic of several research reports. Cantor Fitzgerald initiated coverage on shares of Ameresco in a report on Friday, January 23rd. They set an “overweight” rating and a $41.00 price objective on the stock. B. Riley Financial boosted their price target on Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Roth Mkm reiterated a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Stifel Nicolaus upped their target price on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, UBS Group raised their target price on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.80.

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.