Nicola Wealth Management LTD. Has $1.29 Million Position in Ameresco, Inc. (NYSE:AMRC)

Nicola Wealth Management LTD. grew its position in Ameresco, Inc. (NYSE:AMRC) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 55,000 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Ameresco were worth $1,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Ameresco by 1,294.9% in 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. Cetera Trust Company N.A grew its stake in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 440 shares during the period. FMR LLC increased its holdings in shares of Ameresco by 257.9% in the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 3,855 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ameresco during the fourth quarter worth about $259,000. Finally, Holocene Advisors LP bought a new position in shares of Ameresco during the 3rd quarter valued at about $275,000. 99.24% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the sale, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMRC. Canaccord Genuity Group lowered their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Robert W. Baird reduced their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group lowered their target price on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their price target on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Ameresco Stock Performance

AMRC opened at $10.52 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The business’s 50-day simple moving average is $22.06 and its 200 day simple moving average is $27.51. The firm has a market capitalization of $551.70 million, a PE ratio of 10.52, a PEG ratio of 0.49 and a beta of 1.79. Ameresco, Inc. has a 52-week low of $10.40 and a 52-week high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to the consensus estimate of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. As a group, sell-side analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Ameresco Company 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.