Guinness Atkinson Asset Management Inc Sells 1,167 Shares of Ameresco, Inc. (NYSE:AMRC)

Guinness Atkinson Asset Management Inc lessened its holdings in Ameresco, Inc. (NYSE:AMRC) by 6.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,911 shares of the utilities provider’s stock after selling 1,167 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Ameresco were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMRC. Wellington Management Group LLP increased its holdings in Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after buying an additional 450,571 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Ameresco during the 2nd quarter valued at $10,821,000. DekaBank Deutsche Girozentrale increased its stake 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 worth $7,124,000 after purchasing an additional 179,635 shares in the last quarter. Erste Asset Management GmbH bought a new position in Ameresco in the 3rd quarter worth $6,319,000. Finally, Redwood Grove Capital LLC raised its holdings in Ameresco by 41.9% in the 3rd 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. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

AMRC has been the subject of a number of analyst reports. StockNews.com upgraded Ameresco to a “sell” rating in a research 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 report on Tuesday, October 22nd. Stifel Nicolaus raised their target price 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. Finally, Robert W. Baird upped their price target on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ameresco currently has an average rating of “Moderate Buy” and a consensus price target of $36.90.

Ameresco Price Performance

AMRC stock opened at $23.05 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The company’s fifty day moving average price is $25.68 and its 200-day moving average price is $29.49. Ameresco, Inc. has a one year low of $17.55 and a one year high of $39.68. The company has a market capitalization of $1.21 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.79.

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.