Barclays PLC Purchases 39,773 Shares of Ameresco, Inc. (NYSE:AMRC)

Barclays PLC lifted its position in Ameresco, Inc. (NYSE:AMRC) by 204.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,248 shares of the utilities provider’s stock after buying an additional 39,773 shares during the period. Barclays PLC’s holdings in Ameresco were worth $2,248,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMRC. Blue Trust Inc. lifted its holdings in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 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 acquired a new position in Ameresco in the 2nd quarter worth $86,000. Finally, GAMMA Investing LLC increased its holdings in Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 618 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Trading Up 3.0 %

Shares of NYSE:AMRC opened at $23.53 on Thursday. Ameresco, Inc. has a 52-week low of $17.55 and a 52-week high of $39.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The company has a market capitalization of $1.23 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.76. The company has a 50-day simple moving average of $27.80 and a 200 day simple moving average of $30.31.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group started coverage on Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. UBS Group upped their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Stifel Nicolaus increased their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Piper Sandler lifted their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.90.

About Ameresco

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.