Strs Ohio cut its stake in Ameresco Inc (NYSE:AMRC) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,700 shares of the utilities provider’s stock after selling 7,000 shares during the quarter. Strs Ohio owned about 0.16% of Ameresco worth $633,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Susquehanna International Group LLP bought a new stake in shares of Ameresco during the second quarter worth $141,000. Parametric Portfolio Associates LLC lifted its position in shares of Ameresco by 8.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,529 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Ameresco during the second quarter worth $148,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ameresco during the third quarter worth $167,000. Finally, Wells Fargo & Company MN lifted its position in shares of Ameresco by 84.7% during the second quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 12,915 shares during the last quarter. Institutional investors own 24.90% of the company’s stock.
In other Ameresco news, EVP Joseph P. Demanche sold 4,783 shares of Ameresco stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $8.80, for a total value of $42,090.40. Following the transaction, the executive vice president now owns 154,688 shares in the company, valued at $1,361,254.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph P. Demanche sold 9,471 shares of Ameresco stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $8.80, for a total value of $83,344.80. Following the completion of the transaction, the insider now owns 154,688 shares in the company, valued at approximately $1,361,254.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,454 shares of company stock worth $449,695. Insiders own 58.36% of the company’s stock.
Shares of Ameresco Inc (AMRC) traded up $0.10 during trading on Friday, hitting $8.50. The stock had a trading volume of 41,765 shares, compared to its average volume of 58,453. The stock has a market capitalization of $386.78, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 1.29. Ameresco Inc has a 1 year low of $5.00 and a 1 year high of $9.50.
Several analysts have recently weighed in on the company. Oppenheimer reiterated a “buy” rating and set a $10.00 target price (up from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. Zacks Investment Research lowered Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.88.
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Ameresco Company Profile
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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