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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,557 shares of the utilities provider’s stock after selling 8,674 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ameresco were worth $2,905,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the last quarter. nVerses Capital LLC acquired a new stake in Ameresco during the 2nd quarter worth $75,000. Point72 DIFC Ltd purchased a new stake in Ameresco in the second quarter valued at $86,000. GAMMA Investing LLC boosted its stake in Ameresco by 19.8% in the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 618 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Ameresco during the second quarter worth about $156,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMRC shares. UBS Group increased their price objective on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group began coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler increased their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird boosted their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ameresco currently has an average rating of “Moderate Buy” and an average price target of $36.91.

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.