Ameresco, Inc. (NYSE:AMRC) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,700 shares of the utilities provider’s stock after buying an additional 3,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ameresco were worth $3,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 391 shares in the last quarter. nVerses Capital LLC acquired a new stake in Ameresco during the second quarter worth approximately $75,000. Point72 DIFC Ltd purchased a new stake in Ameresco in the 2nd quarter worth approximately $86,000. GAMMA Investing LLC raised its holdings in Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Ameresco during the 2nd quarter worth $156,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Up 8.9 %

Shares of NYSE AMRC opened at $28.53 on Thursday. The stock has a fifty day moving average price of $32.05 and a 200 day moving average price of $31.29. 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. The company has a market cap of $1.50 billion, a P/E ratio of 28.53, a P/E/G ratio of 0.94 and a beta of 1.82.

Analysts Set New Price Targets

Several equities analysts recently commented on AMRC shares. Piper Sandler upped their target price on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Robert W. Baird upped their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. UBS Group raised their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.91.

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.