Ameresco (NYSE:AMRC) Director Nickolas Stavropoulos Sells 15,700 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction 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 completion of the transaction, the director owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. The trade was a 52.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nickolas Stavropoulos also recently made the following trade(s):

• On Thursday, February 19th, Nickolas Stavropoulos sold 400 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total transaction of $13,600.00.
• On Friday, February 13th, Nickolas Stavropoulos sold 245 shares of Ameresco stock. The stock was sold at an average price of $34.05, for a total transaction of $8,342.25.
• On Thursday, February 12th, Nickolas Stavropoulos sold 200 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total value of $6,800.00.
• On Wednesday, January 28th, Nickolas Stavropoulos sold 100 shares of Ameresco stock. The shares were sold at an average price of $34.00, for a total value of $3,400.00.

Ameresco Stock Performance

Ameresco stock opened at $32.76 on Tuesday. The company’s 50-day moving average is $31.24 and its two-hundred day moving average is $31.82. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $44.93. The company has a market cap of $1.73 billion, a PE ratio of 27.53, a PEG ratio of 1.17 and a beta of 2.53. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their price objective on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 14th. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. B. Riley Financial increased their price target on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, October 31st. William Blair raised shares of Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Finally, UBS Group upped their target price on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $37.80.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently made changes to their positions in AMRC. Empowered Funds LLC boosted its holdings in Ameresco by 70.6% during the fourth quarter. Empowered Funds LLC now owns 207,932 shares of the utilities provider’s stock worth $6,090,000 after purchasing an additional 86,047 shares during the last quarter. XTX Topco Ltd acquired a new stake in Ameresco in the 4th quarter valued at $824,000. Tudor Investment Corp ET AL lifted its position in Ameresco by 214.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 222,120 shares of the utilities provider’s stock worth $6,506,000 after buying an additional 151,520 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Ameresco during the 4th quarter worth about $55,000. Finally, Millennium Management LLC boosted its stake in shares of Ameresco by 164.0% during the 4th quarter. Millennium Management LLC now owns 136,089 shares of the utilities provider’s stock worth $3,986,000 after buying an additional 84,542 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

About Ameresco

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.