Handelsbanken Fonder AB Sells 969,765 Shares of Ameresco, Inc. (NYSE:AMRC)

Handelsbanken Fonder AB cut its holdings in Ameresco, Inc. (NYSE:AMRC - Free Report) by 74.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,149 shares of the utilities provider's stock after selling 969,765 shares during the period. Handelsbanken Fonder AB owned about 0.62% of Ameresco worth $3,916,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of Ameresco by 731.8% in the first quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider's stock valued at $2,787,000 after acquiring an additional 202,970 shares in the last quarter. Clean Yield Group grew its holdings in shares of Ameresco by 6.3% in the first quarter. Clean Yield Group now owns 112,746 shares of the utilities provider's stock valued at $1,362,000 after acquiring an additional 6,718 shares in the last quarter. Vanguard Capital Wealth Advisors bought a new position in shares of Ameresco in the first quarter valued at approximately $211,000. GAMMA Investing LLC grew its holdings in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after acquiring an additional 4,557 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ameresco by 17.1% in 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 valued at $2,106,000 after purchasing an additional 13,127 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Stifel Nicolaus dropped their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. UBS Group reiterated a "sell" rating and issued a $11.00 price objective on shares of Ameresco in a research note on Tuesday, June 3rd. Finally, Canaccord Genuity Group upped their price objective on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ameresco currently has an average rating of "Hold" and a consensus target price of $20.67.

Ameresco Stock Performance

Shares of NYSE:AMRC traded down $0.45 during trading on Tuesday, hitting $16.08. 388,201 shares of the company were exchanged, compared to its average volume of 506,486. The company has a market cap of $844.84 million, a PE ratio of 15.76, a P/E/G ratio of 0.78 and a beta of 2.24. The stock has a 50 day moving average of $12.97 and a 200 day moving average of $17.10. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.57 and a quick ratio of 1.56.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a return on equity of 6.32% and a net margin of 2.97%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) earnings per share. As a group, equities research analysts predict that Ameresco, Inc. will post 1.15 EPS for the current year.

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.