Ameresco (NYSE:AMRC) Shares Down 7.7% – Time to Sell?

Ameresco, Inc. (NYSE:AMRC)’s stock price fell 7.7% during mid-day trading on Tuesday . The stock traded as low as $26.31 and last traded at $26.39. 84,773 shares traded hands during trading, a decline of 82% from the average session volume of 474,023 shares. The stock had previously closed at $28.60.

Analyst Ratings Changes

A number of brokerages recently commented on AMRC. Robert W. Baird boosted their price objective on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday. UBS Group boosted their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group initiated coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Stock Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.92 and a beta of 1.82. The firm’s fifty day moving average is $33.28 and its 200 day moving average is $31.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 391 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Ameresco during the second quarter worth $75,000. Point72 DIFC Ltd bought a new position in shares of Ameresco in the second quarter worth $86,000. GAMMA Investing LLC increased its position in shares of Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Ameresco in the second quarter worth $156,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Company Profile

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.