Nicola Wealth Management LTD. Sells 8,000 Shares of Ameresco, Inc. (NYSE:AMRC)

Nicola Wealth Management LTD. lessened its stake in Ameresco, Inc. (NYSE:AMRC) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,000 shares of the utilities provider’s stock after selling 8,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Ameresco were worth $2,011,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Ameresco by 100.3% in 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 during the last quarter. nVerses Capital LLC purchased a new position in Ameresco during the 2nd quarter valued at about $75,000. Point72 DIFC Ltd bought a new position in Ameresco during the 2nd quarter valued at approximately $86,000. GAMMA Investing LLC lifted its holdings in Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after buying an additional 2,880 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $156,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AMRC. StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday. Piper Sandler raised their price objective on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. UBS Group upped their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group started coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. Finally, Stifel Nicolaus upped their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Stock Down 0.5 %

AMRC stock traded down $0.12 during trading on Thursday, hitting $26.16. 53,708 shares of the company’s stock traded hands, compared to its average volume of 473,155. The business has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $31.04. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.37 billion, a P/E ratio of 26.28, a PEG ratio of 0.89 and a beta of 1.82. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68.

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.