Nicola Wealth Management LTD. Sells 8,000 Shares of Ameresco, Inc. (NYSE:AMRC)

Nicola Wealth Management LTD. cut its holdings in shares of Ameresco, Inc. (NYSE:AMRC) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,000 shares of the utilities provider’s stock after selling 8,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.10% of Ameresco worth $2,011,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMRC. Blue Trust Inc. grew its holdings in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 391 shares during the period. The Manufacturers Life Insurance Company grew 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 acquiring an additional 489 shares during the period. GAMMA Investing LLC increased its holdings in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 618 shares during the last quarter. Clean Yield Group raised its stake in Ameresco by 0.6% in the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after acquiring an additional 1,087 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Ameresco by 15.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 1,410 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMRC has been the subject of several recent research reports. Piper Sandler lifted 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. Robert W. Baird boosted their target price on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their price target on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday. UBS Group increased their price objective on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group started coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Price Performance

Shares of AMRC traded down $0.12 during midday trading on Thursday, reaching $26.16. The stock had a trading volume of 53,708 shares, compared to its average volume of 473,155. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.82. The company’s 50-day moving average is $33.16 and its 200 day moving average is $31.04. Ameresco, Inc. has a 12-month low of $17.55 and a 12-month high of $39.68.

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.