Shares of Ameresco, Inc. (NYSE:AMRC) reached a new 52-week high on Wednesday . The company traded as high as $9.43 and last traded at $9.25, with a volume of 43100 shares. The stock had previously closed at $9.10.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer restated a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.88.
The stock has a market cap of $420.90, a PE ratio of 24.61, a P/E/G ratio of 2.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 1.29.
In other Ameresco news, insider Joseph P. Demanche sold 9,471 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $8.80, for a total transaction of $83,344.80. Following the transaction, the insider now directly owns 154,688 shares of the company’s stock, valued at $1,361,254.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph P. Demanche sold 30,329 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $8.40, for a total transaction of $254,763.60. Following the transaction, the insider now directly owns 159,671 shares in the company, valued at $1,341,236.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,783 shares of company stock worth $704,459. 58.36% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of AMRC. Franklin Resources Inc. purchased a new position in Ameresco during the second quarter valued at $2,410,000. TIAA FSB purchased a new position in Ameresco during the third quarter valued at $496,000. Dimensional Fund Advisors LP lifted its holdings in Ameresco by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock valued at $6,945,000 after purchasing an additional 51,041 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Ameresco during the third quarter valued at $167,000. Finally, State Street Corp lifted its holdings in Ameresco by 6.3% during the second quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock valued at $2,593,000 after purchasing an additional 20,094 shares in the last quarter. 24.94% of the stock is currently owned by institutional investors and hedge funds.
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Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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