UBS Group Issues Pessimistic Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its price target reduced by UBS Group from $40.00 to $37.00 in a report issued on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the utilities provider’s stock.

Several other brokerages also recently issued reports on AMRC. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Stifel Nicolaus raised their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and an average price target of $36.22.

Ameresco Price Performance

NYSE AMRC opened at $18.27 on Wednesday. The company has a market cap of $958.13 million, a P/E ratio of 18.27, a P/E/G ratio of 0.49 and a beta of 1.79. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a fifty day simple moving average of $22.35 and a 200 day simple moving average of $27.68.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ameresco by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock worth $2,106,000 after purchasing an additional 13,127 shares during the period. Voloridge Investment Management LLC raised its holdings in shares of Ameresco by 7.0% in the 4th quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock worth $7,088,000 after buying an additional 19,626 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Ameresco by 27.2% during the 4th quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 15,388 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Ameresco during the 4th quarter worth approximately $398,000. Finally, Silvercrest Asset Management Group LLC boosted its stake in Ameresco by 41.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock valued at $5,677,000 after buying an additional 71,236 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

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.