Guinness Atkinson Asset Management Inc Lowers Stock Position in Ameresco, Inc. (NYSE:AMRC)

Guinness Atkinson Asset Management Inc cut its holdings in Ameresco, Inc. (NYSE:AMRC) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,911 shares of the utilities provider’s stock after selling 1,167 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Ameresco were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMRC. Blue Trust Inc. boosted its stake in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 391 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Ameresco during the second quarter valued at approximately $86,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 618 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Performance

Shares of AMRC stock opened at $23.05 on Monday. 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 50 day moving average price of $25.68 and a 200-day moving average price of $29.49. Ameresco, Inc. has a 52 week low of $17.55 and a 52 week high of $39.68. The firm has a market capitalization of $1.21 billion, a PE ratio of 23.05, a P/E/G ratio of 0.68 and a beta of 1.79.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday, November 12th. 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 note on Monday, September 23rd. Finally, Piper Sandler raised their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have given 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.90.

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.