Ameresco, Inc. (NYSE:AMRC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Ameresco, Inc. (NYSE:AMRC) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 754,775 shares of the utilities provider’s stock after buying an additional 10,197 shares during the quarter. Geode Capital Management LLC’s holdings in Ameresco were worth $28,642,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after acquiring an additional 450,571 shares during the last quarter. LGT Group Foundation bought a new stake in Ameresco during the second quarter valued at $20,325,000. Redwood Grove Capital LLC raised its holdings in shares of Ameresco by 41.9% during the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock worth $18,966,000 after purchasing an additional 147,642 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Ameresco in the 2nd quarter worth about $10,821,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Ameresco by 3,389.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider’s stock valued at $7,124,000 after buying an additional 179,635 shares during the period. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

AMRC stock opened at $23.47 on Friday. The firm has a 50 day moving average of $27.65 and a two-hundred day moving average of $30.26. 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 $1.23 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 0.90 and a beta of 1.76. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMRC shares. Stifel Nicolaus increased their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group increased 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. Jefferies Financial Group assumed coverage on Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird boosted their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.90.

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.