Handelsbanken Fonder AB Decreases Stock Position in Ameresco, Inc. (NYSE:AMRC)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in AMRC. GAMMA Investing LLC grew its position in shares of Ameresco by 132.0% in the 1st 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 during the period. KLP Kapitalforvaltning AS bought a new position in shares of Ameresco in the 4th quarter valued at $146,000. Lazard Asset Management LLC lifted its holdings in shares of Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after acquiring an additional 4,362 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Ameresco in the 4th quarter valued at approximately $203,000. Finally, JCP Investment Management LLC acquired a new position in shares of Ameresco during the fourth quarter worth $211,000. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Down 2.9%

AMRC traded down $0.48 during midday trading on Tuesday, reaching $16.06. 241,430 shares of the company were exchanged, compared to its average volume of 505,378. The company has a market cap of $843.55 million, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 0.49 and a beta of 2.24. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The company's fifty day moving average price is $12.86 and its 200 day moving average price is $17.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.15. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $352.83 million during the quarter, compared to analyst estimates of $323.71 million. During the same quarter last year, the business posted ($0.10) EPS. The company's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts expect that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

AMRC has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a report on Monday, May 12th. Canaccord Genuity Group boosted their price target on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. One 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.67.

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.