Captrust Financial Advisors Sells 802 Shares of Ameresco, Inc. (NYSE:AMRC)

Captrust Financial Advisors trimmed its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,647 shares of the utilities provider’s stock after selling 802 shares during the period. Captrust Financial Advisors’ holdings in Ameresco were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. raised its stake 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 purchasing an additional 391 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Ameresco by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 489 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 during the period. nVerses Capital LLC bought a new stake in shares of Ameresco during the 2nd quarter worth $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ameresco by 20.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,620 shares of the utilities provider’s stock worth $508,000 after purchasing an additional 2,980 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Ameresco Stock Down 2.1 %

AMRC stock opened at $26.59 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.39 billion, a PE ratio of 26.59, a PEG ratio of 0.96 and a beta of 1.76. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68. The stock has a 50-day simple moving average of $30.17 and a two-hundred day simple moving average of $31.16.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMRC. Piper Sandler lifted their target price on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. StockNews.com raised Ameresco to a “sell” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird lifted their price objective on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.