UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,674 Shares of Ameresco, Inc. (NYSE:AMRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,557 shares of the utilities provider’s stock after selling 8,674 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Ameresco worth $2,905,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Clayton Partners LLC raised its stake in Ameresco by 117.8% during the second quarter. Clayton Partners LLC now owns 77,735 shares of the utilities provider’s stock worth $2,240,000 after acquiring an additional 42,052 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in Ameresco in the 2nd quarter valued at approximately $2,048,000. Bank of New York Mellon Corp lifted its stake in Ameresco by 24.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,427 shares of the utilities provider’s stock valued at $3,729,000 after purchasing an additional 25,121 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Ameresco in the second quarter valued at approximately $10,821,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Ameresco by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after buying an additional 489 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Trading Down 0.6 %

NYSE:AMRC opened at $25.00 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $29.58 and a 200-day simple moving average of $31.02. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68. The company has a market capitalization of $1.31 billion, a P/E ratio of 25.00, a PEG ratio of 0.90 and a beta of 1.76.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMRC shares. Robert W. Baird raised their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group started coverage on shares of Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. Piper Sandler increased their price objective on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Finally, UBS Group upped their price target on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.91.

Ameresco 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.