Cetera Trust Company N.A Raises Holdings in Ameresco, Inc. (NYSE:AMRC)

Cetera Trust Company N.A boosted its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,800 shares of the utilities provider’s stock after buying an additional 440 shares during the period. Cetera Trust Company N.A’s holdings in Ameresco were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 489 shares in the last quarter. GAMMA Investing LLC grew its stake in Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after buying an additional 618 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,279 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Ameresco in the second quarter valued at about $86,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler upped their price target 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 research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $36.90.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $23.41 on Wednesday. The company has a 50 day simple moving average of $25.52 and a two-hundred day simple moving average of $29.44. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.61 and a beta of 1.79. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68.

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.