Jennifer L. Miller Sells 40,000 Shares of Ameresco, Inc. (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Stock Performance

AMRC stock opened at $20.21 on Thursday. Ameresco, Inc. has a twelve month low of $17.55 and a twelve month high of $39.68. 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 company has a market cap of $1.06 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.79. The business’s fifty day moving average is $24.48 and its 200-day moving average is $28.79.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently added to or reduced their stakes in AMRC. Bank of New York Mellon Corp raised its position in shares of Ameresco by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock valued at $2,389,000 after acquiring an additional 859 shares during the period. Figure 8 Investment Strategies LLC bought a new stake in Ameresco in the fourth quarter valued at approximately $707,000. Allspring Global Investments Holdings LLC acquired a new stake in Ameresco in the fourth quarter worth $259,000. Gagnon Advisors LLC boosted its position in shares of Ameresco by 32.4% during the fourth quarter. Gagnon Advisors LLC now owns 272,694 shares of the utilities provider’s stock worth $6,403,000 after purchasing an additional 66,746 shares in the last quarter. Finally, Gagnon Securities LLC grew its holdings in shares of Ameresco by 22.5% in the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock valued at $13,412,000 after buying an additional 104,861 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Analyst Ratings Changes

AMRC has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler increased their price objective on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.56.

Ameresco Company 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.