Jennison Associates LLC Reduces Stake in Ameresco, Inc. (NYSE:AMRC)

Jennison Associates LLC lessened its position in shares of Ameresco, Inc. (NYSE:AMRC) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 273,559 shares of the utilities provider’s stock after selling 5,116 shares during the quarter. Jennison Associates LLC’s holdings in Ameresco were worth $6,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. purchased a new stake in shares of Ameresco during the 2nd quarter valued at about $406,000. The Manufacturers Life Insurance Company increased its holdings in Ameresco by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after buying an additional 489 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Ameresco by 358.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,906 shares of the utilities provider’s stock worth $945,000 after acquiring an additional 19,478 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 618 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMRC has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Finally, Piper Sandler boosted their price objective on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.56.

Ameresco Stock Down 1.3 %

NYSE AMRC opened at $20.21 on Thursday. Ameresco, Inc. has a 12 month low of $17.55 and a 12 month high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.06 billion, a PE ratio of 20.21, a P/E/G ratio of 0.58 and a beta of 1.79. The stock’s 50 day moving average is $24.48 and its 200 day moving average is $28.79.

Insider Transactions at Ameresco

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

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.